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LafargeHolcim doubles first half profit, confirms outlook

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By Reuters
LafargeHolcim doubles first half profit, confirms outlook
The logo of LafargeHolcim, the world's largest cement maker, is seen at its headquarters in Zurich, Switzerland March 2, 2017. REUTERS/Arnd Wiegmann   -   Copyright  Arnd Wiegmann(Reuters)
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ZURICH (Reuters) – LafargeHolcim <LHN.S> more than doubled net profit during the first half of 2018, the world’s largest cement maker said on Wednesday, and confirmed its full year outlook.

The Swiss company increased its first half earnings before interest, tax, depreciation, and amortisation by 11% on a like-for-like basis to 2.66 billion Swiss francs (£2.21 billion).

During the second quarter, this figure rose 7.1% to 1.85 billion francs, slightly better than the 1.83 billion expected by analysts. First half net profit rose to 780 million francs from 371 million francs a year earlier.

(Reporting by John Revill; Editing by Thomas Seythal)