Live Currency Rates
 
  Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Swiss Holcim reports USD417.5m profit in Q3  Join our daily free Newsletter

MENAFN - 07/11/2012

No. of Ratings : 0
Add to Mixx!


 


(MENAFN) Swiss cement maker Holcim reported 10.5 percent increase in quarterly profit on higher sales, Reuters reported.

The world's second-largest cement maker by sales said it made USD417.51 million net profit during the third quarter, up from a year earlier.

The company also reported a 9.8 percent increase in quarterly sales to USD6.2 billion year-on-year, driven by strong performance in a number of emerging markets including India, the Philippines, Russia, Thailand and Mexico.

The cement maker set out a cost-cutting drive in May to boost profit by at least USD1.6 billion by the end of 2014.

Holcim said it was progressing well with the programme and confirmed it plans to achieve at least USD158.96 million of that improvement in 2012.

The company is putting hopes on rising demand for cement in emerging markets and North America to make up for lower sales in Europe for the rest of 2012.

 






  MENA News Headlines


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help