Lafarge Malaysia sees stable 2015 pretax profit

Lafarge Malaysia sees stable 2015 pretax profit
Published: 01 March 2016


Lafarge Malaysia Bhd reported a pretax profit of MYR345.157m (US$82.86m) for the financial year ended 31 December 2015 versus MYR345.183m a year earlier.









― Lafarge Malaysia Bhd has maintained its profit levels with a pre-tax profit of RM345.157 million for the financial year ended Dec 31, 2015 as compared with RM345.183 million in the preceding year’s corresponding period.

Annual revenue was RM2.75 billion, up from RM2.743 billion previously, it said in a filing to Bursa Malaysia today.

Meanwhile, the Group’s current quarter pre-tax profit decreased by 7.8 per cent from RM70.4 million recorded last year to RM64.9 million.

This was mainly due to the one-off acquisition expenses incurred as well as higher finance cost arising from the borrowings for the acquisition of subsidiaries, it said.

Lafarge said it maintains an optimistic outlook for the construction sector, with continued progress in key infrastructure projects and on-going commercial and residential developments announced in the Budget 2016 and the 11th Malaysia Plan.

“This year, we will continue to be driven by our ambition of Building Better Cities in Malaysia. At the same time, we will also work on maintaining efficiency in our overall operations,” said President and Chief Executive Officer Thierry Legrand.

With the completion of the acquisition by the company of the Holcim Malaysia group on Nov 16, 2015, it is anticipated that the enlarged Group will be able to leverage on the complementary network coverage and asset base of Holcim Malaysia in the southern region of Peninsular Malaysia in 2016 to better fulfil customer demand.

The Group now has three integrated cement plants, two grinding stations, more than 40 ready-mix concrete batching plants and six aggregate quarries. ― Bernama - See more at: http://www.themalaymailonline.com/money/article/lafarge-malaysia-maintains-profit-levels-for-2015#sthash.fgD8Uznb.dpuf

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