Lafarge Cement Russia net profits up 93%

Lafarge Cement Russia net profits up 93%
Published: 23 November 2007


In 3Q2007, net income of Moscow-based Lafarge Cement rose by RUR304,598,000, or 93%, compared with the second quarter of 2007.

According to the company’s official statement presented to State authorities SKRIN, in July-September 2007 its net income totalled RUR631,916,000 versus RUR327,318,000 net income in April-June 2007. The growth of net income was due to company reorganization through the accession of Uraltsement, as well as an increase in prices for the products made by the company and a seasonal rise in sales.