Lafarge profits hit 25 % after tax

LAFARGE Zambia has increased its profits by 25 per cent after tax for the business year ended 31st December 2014 compared to the year 2013.

The company explained that it saw its sales volume grow from 4 percent over 2013 to about 1.2 million tonnes.

“Lafarge Zambia has yet again turned in a solid set of results for the year ended 2014. The company saw its sales volume grow by 4 per cent over 2013 to 1.2m tonnes,” chief executive officer emmanuel Rigaux stated. The company attributed the 25 per cent profit rise after tax to K434 million compared to 2013 to favourable sales volumes. “The company rise in profit was driven by favourable sales volumes, launch of new products, cost control initiatives, improved industrial performance and positive foreign exchange gains,” the company stated. They explained that the total profit and comprehensive income rose from K339 million in 2013 to K866 million in 2014.

The company also explained that the expansion plans for Chilanga and Ndola plants were on track.

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