Jordanian cement producer Lafarge Jordan Cement, previously known as Jordan Cement Factories Co (JCFC), registered a 4.24 per cent YoY sales increase to JOD321m (USD 452.7m/€355.1m) in 2008, despite the four per cent decline in local cement demand, Al-Rai daily reported today.
The net profit stood at JOD49.3m in 2008, an unnamed company source said without giving comparative figures. The profit before tax and provisions fell nine per cent YoY.
Earlier in February, the company announced that its board of directors had agreed to change the company’s name to Lafarge Jordan Cement.
Lafarge Jordan Cement, established in the 1950s, is listed on the Amman Stock Exchange. The company has two cement plants. One of the plants is in Fuheis and the other in Rashadiyah. It also has an export terminal in Aqaba. JCFC is part of French building materials group Lafarge SA.