LafargeHolcim Swings to 1Q Net Income of CHF226 Million

By Brian Blackstone Features Dow Jones Newswires

LafargeHolcim Ltd. (LHN.EB) posted a rise in comparable sales last quarter while net income improved, as the Franco-Swiss building materials company benefited from improved pricing and cost reductions.

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On Wednesday, the company said net sales were CHF5.63 billion ($5.68 billion) last quarter. Though down from CHF6.06 billion a year earlier, on a like-for-like basis--which excludes restructuring and acquisitions--sales were up 5.3% from a year earlier.

The company swung to a net income of CHF226 million from a year-earlier loss of CHF107 million.

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(END) Dow Jones Newswires

May 03, 2017 01:39 ET (05:39 GMT)