Lafarge Cement to pay out Kc252.6m in dividends this year

Lafarge Cement to pay out Kc252.6m in dividends this year
Published: 04 June 2007

Czech cement maker Lafarge Cement will pay its shareholders Kc252.6m in dividends, or Kc221 per a share, based on a decision made at today’s annual general meeting.

Lafarge made after-tax profit worth Kc262.3m last year after Kc251.3m in 2005, a growth of 4 percent on the year. It will transfer the rest of the profit to the reserve fund.

Lafarge put out around 400,000t of cement last year, chief executive Ivan Mares has said. Of this amount, the company exported about 250,000t to Germany.

Sales grew to Kc1.203bn in 2006 from Kc1.199bn a year earlier.

Lafarge managers estimate the company will end in black figures again this year. Profit in 2007 should exceed last year’s figure.

Lafarge Cement with 188 staff has a share capital worth Kc1.143bn.

It is controlled by France’s Societe de Developpement Industriel Lafarge with 69.37 per cent of shares and Austria’s Lafarge Perlmooser with 27.75 per cent.