LafargeHolcim's net profits double YoY in 2016

LafargeHolcim saw its net profit double on an annual basis to CHF1.9bn for 2016 (US$1.87bn), against CHF970m a year earlier.

Adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) reached CHF1.611bn for the fourth quarter of 2016. In comparison, Reuters' analysts targeted some CHF1.52bn.

Revenue for the last quarter stood at CHF6.526bn while Reuters' analysts targeted some CHF6.92bn.

For 2017, the group expects its adjusted EBITDA to grow by over 10 per cent on a comparable basis.
LafargeHolcim plans to offer a dividend for 2016 worth CHF2/share against CHF1.50/share a year earlier.