Lafarge Malaysia net profit boosted by cement revenue

Lafarge Malaysia Bhd, the country's largest cement manufacturer, recorded a 28.9 per cent increase in net profit to MYR70.65m (US$16.30m) for the third quarter ended 30 September 2015 from MYR54.81m, mainly due to higher sales from the cement segment, improved plant performance, and higher foreign exchange (forex) gains.

Revenue for 3QFY15 rose slightly to MYR670.88m from MYR664.63m in 3QFY14, thanks to higher revenue from its cement segment which offset the lower revenue from its concrete and aggregate segments.

In a filing with Bursa Malaysia yesterday, Lafarge Malaysia also attributed the better net profit to higher forex gains.