Latest News


Keyword Search

RegionB

Europe / Middle East / Africa

Holcim dividend cut after Q4 loss

Mar, 01 2012


(Zurich, Switzerland) -- Holcim, the world's second-largest cement maker, slashed its dividend by a third after it posted a net loss in the fourth quarter due to slumping demand for construction materials and restructuring at a South African business.

The Swiss cement maker reported a fourth-quarter net loss of 438 million Swiss francs (US$488mil), largely due to an already announced 775 million Swiss franc charge. Analysts polled by Reuters had expected a net loss of 521 million francs.

Source:

Bookmark and Share
Comments
0 Comment(s)
Add Your Comments


Video: BEBO Precast Concrete Arch

Video: BEBO Precast Concrete Arch installation of Twin Cell C42T/5 at Chapel Road (UK). More

US ready-mix worth $22.4bn

The ready-mix concrete manufacturing industry was worth $22.4billion, with an estimated gross profit of 27.44%, according to a new report. More

Advertise Here