Lafarge Malayan Cement pre-tax profit rises
Lafarge Malayan Cement Bhd’s pre-tax profit increased by 21 per cent to MYR69m (US$22m) in the first quarter ended March 31, 2011 from MYR57m in the same period last year.
Revenue was higher by ten per cent to MYR602.77m from MYR548.42m previously, it said in a filling to Bursa Malaysia today.
The group said the increase in revenue was mainly attributable to better selling prices coupled with higher domestic sales volume.
Going forward, the group is optimistic of a stronger demand in cement and other building materials in the current financial year with more active construction activities as a result of public and private sector projects and investments.
However, the rising costs of fuel and other raw materials and the weaker US dollar might have a negative impact on export revenues, it added.
Published under Cement News
