Mon, Feb. 23, 7:47 AM
- Holcim (OTCPK:HCMLY) reported 2014 profits slightly above forecast after exceeding its cost-cutting target and said its merger with France's Lafarge (OTCPK:LFRGY) was on track to complete in the first half of the year.
- Net sales fell 3% to 19.1B francs ($20.2B) due to negative currency impacts, but gained 3% on a like-for-like basis.
- Adjusted operating profit increased 5% in 2014, or 10% on a like-for-like basis, to 2.47B francs, while net profit attributable to shareholders rose 1% to 1.29B, beating expectations.
HCMLY vs. ETF Alternatives
Holcim's core businesses include the manufacture and distribution of cement, and the production, processing and distribution of aggregates (crushed stone, gravel and sand), ready-mix concrete and asphalt. The company also offers consulting, research, trading, engineering and other services.
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