Thursday, March 17, 2016

LafargeHolcim Posts Hefty Loss In Q4, LFL Sales Up; Sees Higher Demand In FY16

Cement giant LafargeHolcim, formed by the combination of French Lafarge and Swiss peer Holcim, reported Thursday a net loss in its fourth quarter, reflecting hefty asset impairment charges and weak net sales. On a like-for-like basis, net sales grew 1.7 percent. Looking ahead, the company said 2016 will be a year of progress towards 2018 targets. The company also confirmed 2018 targets.

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