Earnings Report /

LafargeHolcim: 2Q CY22 - 10% profit growth driven by one-off tax adjustment

  • The sale of grey cement logged 6.5% growth while the revenue aggregates unit recorded 76.3% YoY growth

  • 2Q 22 GPM stood at 35.3%, up by 134bps YoY as cement makers raised retail prices to pass on the increased costs

  • LHBL had one-off tax adjustment, improving bottom-line by 10%. The effective tax rate was negative in Q2 CY22

Tanay Kumar Roy
Tanay Kumar Roy

Research Analyst

Shopnil Paul
Shopnil Paul

Research Associate

IDLC Securities
24 July 2022
Published byIDLC Securities


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