Lafarge Pakistan reduces first-half loss

Lafarge Pakistan reduces first-half loss
Published: 26 August 2011

Lafarge Pakistan Cement posted a loss after tax of PKR17.53m (US$0.2m) in the first half of the current calendar year (30 June 2011), which is a significant reduction on the loss it incurred in the same period of last year at PKR703.7m.

Net sales increased to PKR36.84bn in the first half of 2011 against PKR34.23bn in the same period in 2010. However, the cost of sales decreased to PKR29.04bn from PKR32.71bn in 1H2010.

Operating expenses increased to PKR3.359m during the period against PKR41,273 in the same period last year while finance costs rose to PKR48.156m against PKR38.439m.