Holcim Liban’s 2011 profits down by 15.9%, Lebanon

Holcim Liban reported net profits of US$28.3m in 2011, down by 15.9 per cent from US$33.7m in 2010, the Daily Star reports. Sales reached US$195.6m last year, representing a 5.7 YoY rise. Gross profits were US$35.6m in 2011, down by 11.6 per cent from US$40.3m in 2010.

The company operates a 2.9Mta cement works in Chekka, about 56km north of Beirut with headquarters in Antelias.