Lafarge Malayan Cement posts 77.2% rise in nine month pretax profit

Lafarge Malayan Cement posts 77.2% rise in nine month pretax profit
Published: 30 November 2007

Lafarge Malayan Cement has registered a 77.2 per cent jump in nine-month pre-tax profit to RM245.713m (US$72.7m) from RM138.688m due to higher domestic and export sales as well as better plant performance and timing of scheduled plant maintenance. Revenue for the first nine months of 2007 rose just 3.6 per cent to RM1.631bn from RM1.574 billion in the previous corresponding period, it said in a filing to Bursa Malaysia.  
 
* Earnings per share increased to 7.00 sen from 3.60 sen previously.  
 
*  Lafarge said its third quarter pre-tax profit surged 102 per cent to RM104.755m from RM51.867 million a year earlier while revenue edged up 3.6 per cent to RM581.284m from RM561.027m. SUMMARY  
 
Lafarge Malayan Cement Bhd registered a 77.2% jump in nine-month pre-tax profit to US$72.7m from US$41m