Lafarge Malaysia witnesses boost in net profit

Lafarge Malaysia witnesses boost in net profit

Lafarge Malaysia Bhd, the country´s largest cement manufacturer, recorded a 28.9 per cent increase in net profit to $16.30 million for the third quarter ended 30 September 2015, mainly due to higher sales from the cement segment, improved plant performance, and higher foreign exchange (forex) gains.

Revenue for 3QFY15 rose slightly to MYR670.88 million from MYR664.63 million in 3QFY14, thanks to higher revenue from its cement segment which offset the lower revenue from its concrete and aggregate segments. In a filing with Bursa Malaysia yesterday, Lafarge Malaysia also attributed the better net profit to higher forex gains.

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