Holcim Posts Wider-Than-Expected Q4 Loss

Holcim

reported a wider-than-expected loss for the fourth quarter. Holcim posted a quarterly net loss of CHF161 million, versus a year-ago loss of CHF438 million. Its revenue rose to CHF5.35 billion from CHF5.28 billion. However, analysts had expected a net loss of CHF95 million on revenue of CHF5.46 billion. Holcim also proposed 2012 dividend of CHF1.15 per share, versus CHF1 in 2011. Holcim shares closed at $15.36 yesterday.