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Holcim Indonesia sales fall in Q1 2015

Sales of cement maker Holcim Indonesia declined by 4.5% from a year ago to IDR 2.25 trillion (€154.76 million/US$173.11 million) in the first quarter of 2015. Cost of sales for the company under the Holcim Group of Switzerland expanded by 3% to IDR 1.72 trillion. Its net income decreased from IDR 323.60 billion to IDR 32.70 billion due to increasing costs and lower demand.
May 6, 2015 Read time: 1 min

Sales of cement maker 680 Holcim Indonesia declined by 4.5% from a year ago to IDR 2.25 trillion (€154.76 million/US$173.11 million) in the first quarter of 2015.

Cost of sales for the company under the Holcim Group of Switzerland expanded by 3% to IDR 1.72 trillion.

Its net income decreased from IDR 323.60 billion to IDR 32.70 billion due to increasing costs and lower demand.

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