Sunday 29 July 2018

LafargeHolcim to sell $1.7bn of assets as H1 profits fall 43%

LafargeHolcim, parent company of Aggregate Industries, announced first half results on Friday. Profits fell 43% after CHF 300 million of restructuring costs were booked. The company plans to raise USD 1.7 billion from disposals, and reported that:
Volumes in the UK were broadly stable, but profits were lower on the back of higher costs.