Malaysia: Lafarge's net profit rises by 24.7%

Lafarge Malaysia Bhd's net profit for the third quarter ended 30 Sept 2013 rose 24.7 per cent to MYR120.2m (US$37.7m) from MYR96.4m a year ago.

Its revenue climbed 2.7 per cent YoY to MYR728m compared with MYR708.8m earlier. Earnings per share stood at 14.2 sen from 11.3 sen last year.

In a filing with Bursa Malaysia, Lafarge said the higher revenue was mainly due to higher sales volume in cement and concrete in line with growth in market demand.

For the nine months ended 30 Sep, Lafarge’s net profit increased to MYR256m from MYR243.3m when compared with the equivalent period of 2012. Revenue expanded 2.5 per cent YoY to MYR2.1bn from MYR2bn.