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Holcim Posts Wider-Than-Expected Q4 Loss

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Holcim (OTC: HCMLY) reported a wider-than-expected loss for the fourth quarter.

Holcim posted a quarterly net loss of CHF161 million, versus a year-ago loss of CHF438 million.

Its revenue rose to CHF5.35 billion from CHF5.28 billion. However, analysts had expected a net loss of CHF95 million on revenue of CHF5.46 billion.

Holcim also proposed 2012 dividend of CHF1.15 per share, versus CHF1 in 2011.

Holcim shares closed at $15.36 yesterday.

 

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