LafargeHolcim posted slightly better-than-expected second-quarter results on Wednesday as the world’s biggest cement maker sought to put a scandal over payments to armed groups in Syria behind it.
The Franco-Swiss company reported adjusted operating profit of 1.735 billion Swiss francs ($1.82 billion) for the three months ended June 30, slightly ahead of the average estimate of 1.714 billion Swiss francs in a Reuters poll.
The company said it was also bringing forward the appointment of Jens Jenisch as chief executive to Sept. 1. The former boss of high-flying Swiss construction chemicals maker Sika had been due to take the reins from Oct. 16.
World's largest cement maker posts second-quarter earnings beat following Syria scandal