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Lafarge’s 2Q profit 18% down
by Cals Fri 28 Aug 2015, 12:12
Lafarge’s 2Q profit 18% down
KUALA LUMPUR: Lafarge Malaysia Bhd ([You must be registered and logged in to see this image.] Financial Dashboard)’s net profit declined 18% to RM63.32 million for the second quarter ended June 30, 2015 (2QFY15), on lower sales, interest income and share of result from its associates.
Thus, earnings per share retreated to 7.5 sen per share from 9.1 sen a year ago.
Revenue for 2QFY15 also dipped 7% to RM665.55 million, mainly due to lower sales registered by its cement, aggregates and concrete segments.
The group declared a second interim dividend of eight sen per share for the financial year ending Dec 31, 2015 (FY15), payable on Oct 21.
For the six-month period (1HFY15), Lafarge’s net profit came in 9% lower at RM137.01 million — largely due to the same reason as its latest quarterly earnings contraction. Cumulative revenue also contracted 2.3% to RM1.36 billion.
The building materials manufacturer said outlook of the construction sector remains positive in 2015, driven mainly by continued progress of key infrastructure projects and ongoing commercial and residential development.
Separately, it announced that its vice-chairman Christian Pierre Herrault, 64, appointed to his post in December last year, has resigned, but no reason was given.
This article first appeared in digitaledge Daily, on August 28, 2015.
KUALA LUMPUR: Lafarge Malaysia Bhd ([You must be registered and logged in to see this image.] Financial Dashboard)’s net profit declined 18% to RM63.32 million for the second quarter ended June 30, 2015 (2QFY15), on lower sales, interest income and share of result from its associates.
Thus, earnings per share retreated to 7.5 sen per share from 9.1 sen a year ago.
Revenue for 2QFY15 also dipped 7% to RM665.55 million, mainly due to lower sales registered by its cement, aggregates and concrete segments.
The group declared a second interim dividend of eight sen per share for the financial year ending Dec 31, 2015 (FY15), payable on Oct 21.
For the six-month period (1HFY15), Lafarge’s net profit came in 9% lower at RM137.01 million — largely due to the same reason as its latest quarterly earnings contraction. Cumulative revenue also contracted 2.3% to RM1.36 billion.
The building materials manufacturer said outlook of the construction sector remains positive in 2015, driven mainly by continued progress of key infrastructure projects and ongoing commercial and residential development.
Separately, it announced that its vice-chairman Christian Pierre Herrault, 64, appointed to his post in December last year, has resigned, but no reason was given.
This article first appeared in digitaledge Daily, on August 28, 2015.
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