Group net income

The Group net income grew by CHF 23 million or 1.5 percent to CHF 1,619 million. A significant reduction in financing costs and foreign exchange losses as well as higher gains on sales of Property Plant and Equipment overcompensated lower operating profit, increased income taxes, reduced share of profit of associates and joint ventures and lower gains on sales of financial investments (In 2013, Holcim recorded a gain of CHF 136 million on the sale of a 25 percent stake in Cement Australia while In 2014, a gain of CHF 56 million was recorded on the disposal of subsidiaries).