Lafarge Malaysia Bhd Q3 earnings up 29% to RM207 million

Lafarge Malaysia Bhd Q3 earnings up 29% to RM207 million

PETALING JAYA, Nov 19: Lafarge Malaysia Bhd posted a 28.9% increase in net profit for its third quarter mainly due to higher sales revenue from the cement segment, improved plant performance, and higher foreign exchange gains.

Revenue for the quarter ended Sept 30, 2015 increased by 0.9% to RM670.9 million from RM664.6 million.

“These results were mainly attributed to higher revenue sales from its cement segment and improved plant performance,” Lafarge said in a statement yesterday.

The company has proposed a third interim single-tier dividend of 8 sen per RM1 share for the financial year ending Dec 31, 2015, to be paid on Jan 13, 2016.

“This brings the total dividend payment for the first three-quarters of the year ending Dec 31, to 24 sen per ordinary share of RM1,” it said.

For the nine-month period, the group’s net profit and revenue increased marginally to RM207.66 million and RM2.03 billion, respectively.

Barring any unforeseen circumstances, the group said its performance will continue to remain satisfactory.

Lafarge Malaysia is now part of the global LafargeHolcim Group, the largest materials company in the world.

“With the combined entity of Lafarge and Holcim in Malaysia, we are now able to serve our customers better. It also enhances our standing as the preferred partner with the technical expertise, support, and experience for challenging construction projects,” said Lafarge Malaysia president and CEO Thierry Legrand.

With an expanded network of facilities and global expertise, Lafarge Malaysia said it will be able to better meet the growing demands of various infrastructure and building development projects in the country, especially in the south of Malaysia.