LafargeHolcim doubles first half profit, confirms outlook

Credit: REUTERS/ARND WIEGMANN

LafargeHolcim more than doubled net profit during the first half of 2018, the world's largest cement maker said on Wednesday, and confirmed its full year outlook.

ZURICH, July 31 (Reuters) - LafargeHolcim LHN.S more than doubled net profit during the first half of 2018, the world's largest cement maker said on Wednesday, and confirmed its full year outlook.

The Swiss company increased its first half earnings before interest, tax, depreciation, and amortisation by 11% on a like-for-like basis to 2.66 billion Swiss francs ($2.69 billion).

During the second quarter, this figure rose 7.1% to 1.85 billion francs, slightly better than the 1.83 billion expected by analysts. First half net profit rose to 780 million francs from 371 million francs a year earlier.

($1 = 0.9905 Swiss francs)

(Reporting by John Revill Editing by Thomas Seythal)

((John.Revill@thomsonreuters.com; +41 58306 7022; Reuters Messaging: john.revill.thomsonreuters.com@reuters.net))

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