The world's largest cement company, LafargeHolcim, swung to a net loss in the fourth quarter of 2015 after booking impairment and other charges, but stuck to its planned dividend.
The group recorded a net loss of 2.86 billion Swiss francs ($2.93 billion) in the fourth quarter, after booking 3 billion Swiss francs in charges that included asset impairments.
"It's a one-off non-cash charge. It's really associated with the year of transition where we brought these two fantastic industry leaders together to create LafargeHolcim," Eric Olsen, CEO and chairmen of LafargeHolcim, told CNBC Thursday.
"It in no way impacts the mid-term commitments we made for 2018... this is a natural consequence of a portfolio review we did in 2015 and the implementation of our 1.5 billion in synergies that we're putting in place right now," he added. "It's a 3 billion charge out of a 55 billion balance sheet."