Lafarge Malaysia first-quarter pretax profit rises, construction outlook 'positive'

Lafarge Malaysia first-quarter pretax profit rises, construction outlook 'positive'
Published: 21 May 2015


Lafarge Malaysia Bhd's pretax profit for the first quarter to the end of March 2015 rose to MYR99.36m (US$27.6m) from MYR97.19m in the same quarter of last year.

Revenue advanced by three per cent to MYR696.09m versus RM676.63m in the same period of last year due to higher cement and concrete sales in the domestic market on the back of market growth, it said in a filing to Bursa Malaysia today.

"The outlook of the construction sector is expected to remain positive this year driven mainly by the continued progress of key infrastructure projects and ongoing commercial and residential development," the company said.