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Holcim Posts Higher Profit

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Holcim Ltd (OTC: HCMLY) reported a surge in its profit for the three months to December 31.

Holcim's quarterly net profit jumped to 355 million Swiss francs ($376 million), versus a year-ago profit of 233 million francs.

Its net sales climbed to 4.87 billion francs from 4.78 billion francs. However, analysts were expecting a profit of 324 million francs on revenue of 4.98 billion francs.

Holcim's full-year attributable net income rose to 1.287 billion Swiss francs from 1.272 billion, while net sales slipped to 19.110 billion francs from 19.719 billion francs in the year-ago period.

For 2014, Holcim announced its plans to pay a dividend of 1.30 francs.

For 2015, Holcim projects adjusted operating profit of 2.7 billion francs to 2.9 billion francs.

Holcim shares rose 1.39% to close at $15.34 on Friday.

 

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