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


St Louis and Milwaukee Caterpillar dealerships merge

The Fabick family are merging their two family-owned Caterpillar dealerships in St. Louis County and Milwaukee into one company. More

South Africa: South Africa: Natal Portland Cement before competition tribunal

South Africa: The Competition Commission of South Africa has referred Natal Portland Cement to the Competition Tribunal. More

Advertise Here