Lafarge (M) slides on earnings downgrade

Lafarge (M) slides on earnings downgrade
Published: 04 July 2010

Lafarge Malayan Cement Bhd, the country’s largest cement maker, shed 1.5 per cent to RM6.50, set for its lowest close since June 9. 

Lafarge SA said on July 2 it may sell as much as 11.2 per cent of its stake the Malaysian unit. 

Separately, AmResearch Sdn Bhd in a report today cut its earnings estimates for Lafarge Malayan’s 2010-2012 financial years by 6 per cent to 13 per cent.

Source: Bloomberg