Lafarge Zambia Plc records K187m profit

LAFARGE Zambia Plc has recorded a profit of K187,151,000 during the first half of 2015 compared to K180,789,000 achiev ed in the preceding period.
According to results for the year ended June 30 2015, sales turnover was up by 14 per cent and stood at K700 million to push up profit before interest and tax to 16 per cent.
During the same period under review the company’s investments grew from K5,910,000 in 2014 to K21,818,00 in 2015
And commenting on the results, Lafarge chief executive officer Emmanuel Rigaux said the market activity was subdued in the first half of the year in the Zambian market and negatively impacted by political uncertainties in the DR Congo which continued to be the firm’s major export market.
Mr Rigaux however said the successful issuance of the US$1.25 billion Eurobond by the Zambian Government was expected to generate increased construction activity.
“Lafarge Zambia is now part of the most advanced and successful construction group in the world following the successful completion of the LafargeHolcim merger,” said Mr Rigaux
He said the company was now ready to leverage the benefits of belonging to such a strong group.
Mr Rigaux said Lafarge was determined to keep its market leadership and continue to offer its custmers the best quality products and services.

Categorized | Business

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