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Inca

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Cement mkt

posted on Jul 26, 2017 04:01AM

LafargeHolcim Q2 profit beats forecasts, new CEO to join early

The company said it was also bringing forward the appointment of Jens Jenisch as chief executive to Sept. 1
The Franco-Swiss company reported adjusted operating profit of 1.735 billion Swiss francs ($1.82 billion) for the three months ended June 30

1 Hour AgoReuters

FRANCK FIFE | AFP | Getty Images

LafargeHolcim posted slightly better-than-expected second-quarter results on Wednesday as the world's biggest cement maker sought to put a scandal over payments to armed groups in Syria behind it.

The Franco-Swiss company reported adjusted operating profit of 1.735 billion Swiss francs ($1.82 billion) for the three months ended June 30, slightly ahead of the average estimate of 1.714 billion Swiss francs in a Reuters poll.

The company said it was also bringing forward the appointment of Jens Jenisch as chief executive to Sept. 1. The former boss of high-flying Swiss construction chemicals maker Sika had been due to take the reins from Oct. 16.