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Update Lafarge 3Q profit up 25% yoy, declares dividend of 8 sen/share

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Update Lafarge 3Q profit up 25% yoy, declares dividend of 8 sen/share Empty Update Lafarge 3Q profit up 25% yoy, declares dividend of 8 sen/share

Post by Cals Tue 19 Nov 2013, 21:37

Update Lafarge 3Q profit up 25% yoy, declares dividend of 8 sen/share
Business & Markets 2013
Written by Ho Wah Foon of theedgemalaysia.com   
Tuesday, 19 November 2013 19:31
KUALA LUMPUR (Nov 19): Lafarge Malaysia Bhd posted a net profit of RM120.2 million for its third quarter to September 2013, up by 25% from RM96.4 million recorded in similar quarter last year.
Earnings per share stood at 14.2 sen for the quarter, up from 11.3 sen in previous year quarter.
Revenue for the third quarter this year also rose to RM728.0 million, from RM708.8 million.
The company said higher sales in cement and concrete, as well as improved plant performance, had led to this set of better earnings.
As result, the company declared an interim dividend of 8 sen per share, to be paid on January 22.
For the nine months to September 2013, profits were higher at RM255.96 million while revenue stood at RM2.10 billion, compared to a year ago.
On outlook, Lafarge said its results will be “satisfactory” due to demand for its products created by the country’s key infrastructural projects and on-going property development.
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