Market Overview

HeidelbergCement Projects Rise In 2012 Sales, Raises Dividend


HeidelbergCement (OTC: HLBZF) projected a rise in 2012 sales and operating profit, and proposed a rise to its 2011 dividend.

HeidelbergCement proposed a dividend of EUR0.35 a share, a 40% rise versus 2010. Its after-tax profit rose 5% y/y to EUR534 million in 2011. Its revenue climbed 10% to EUR12.9 billion.

HeidelbergCement shares closed at $55.42 yesterday.


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