Middle East cement sales spur Holcim first half profit rise | The National

Middle East cement sales spur Holcim first half profit rise | The National:



"Holcim, the Swiss company merging with Lafarge of France to create the world’s biggest cement company, said its first half profit increased 5.9 per cent as Middle Eastern, North America and European sales offset foreign exchange losses and restructuring costs.



The earnings missed analyst forecasts and the company’s stock plunged by more than 5 per cent in early trading.



Net income increased to 406 million Swiss francs (Dh1.6 billion) in the first six months of the year from 383m francs in the same period the previous year, the Jona, Switzerland-based company said."



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