Holcim Reports 13% Decline In Net Profit

Holcim Ltd HCMLY reported a decline in its net profit for the three months to end June. Holcim's quarterly net profit declined 13% to 347 million Swiss francs ($436 million), from CHF399 million, in the year-ago period. Its revenue fell 11% to CHF5.49 billion from CHF6.16 billion. Holcim shares fell 2.99% to close at $11.70 yesterday.