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LafargeHolcim Ltd Q1 loss narrows YOY

LafargeHolcim Ltd said its normalized net income for the first quarter amounted to a loss of 6 Swiss centimes per share, compared with the S&P Capital IQ consensus estimate of a loss of 1 centimes per share.

The per-share loss decreased 24.8% year over year from 8 centimes.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of CHF34.8 million, compared with a loss of CHF45.0 million in the year-earlier period.

The normalized profit margin rose to negative 0.6% from negative 0.7% in the year-earlier period.

Total revenue declined 7.1% year over year to CHF5.63 billion from CHF6.06 billion, and total operating expenses decreased 5.7% from the prior-year period to CHF5.52 billion from CHF5.85 billion.

Reported net income totaled CHF226.0 million, or 37 centimes per share, compared with a loss of CHF124.0 million, or a loss of 21 centimes per share, in the prior-year period.