Lafarge Malayan Cement Continues Solid Performance

23.05.2013
 

23 May 2013, Kuala Lumpur 

 

Lafarge Malayan Cement Continues Solid Performance

 

Lafarge Malayan Cement Berhad (‘Lafarge’) held its 63rd Annual General Meeting today where it presented to its shareholders the company's results for the financial year ended 31 December 2012.
 
The Group's revenue for the year grew 7.4% to RM2.740 billion, with a higher profit before tax of RM470 million against the RM415 million reported in 2011 due to improved plant performance and higher sales volumes. Net profit also improved from RM318 million to RM349 million in the year, while earnings per share recorded strong growth from 37.41 sen to 41.07 sen in the period.

 

In line with sustained positive results, the Board of Directors declared a fourth interim single-tier dividend of 13 sen per ordinary share of RM1.00 each which was paid on 16 April 2013. The total dividend payout in respect of the financial year ended 31 December 2012 amounted to RM314.388 million, representing a payout ratio of 90%.

 

In 2012, the construction sector continued to expand strongly led by Government efforts to boost domestic demand with the roll-out of further key projects under the 10th Malaysia Plan and the Economic Transformation Programme. These, coupled with stable investments by the private sector and a steady stream of foreign direct investments, have contributed to growth in domestic cement demand of approximately 4%.

 

“2012 was an eventful year for Lafarge as we moved from a product line-based organisation to one that is country-based. This has fundamentally changed the way in which we do business and has allowed us to be more focused on our customers and market needs.”

 

"We are optimistic about the continued growth in demand for building materials and solutions and believe that Lafarge’s cement, concrete and aggregates businesses remain strongly positioned in these sectors”, said Bradley Mulroney, President and Chief Executive Officer.

 

With increasing demand by the construction industry in Malaysia for sustainable solutions, and with the building industry developing and working towards more sustainable and green practices, Lafarge will focus on further commercial differentiation through delivering more innovative and sustainable products and solutions as well as strive for continued industrial excellence. Following the recognition award for “Best Innovative Product” at the Greenbuild exhibition 2012 for Hydromedia, Lafarge remains encouraged and will be looking to launch more sustainable products and solutions in 2013.

 

“Moving forward, we see continued growth in construction activities driven by Government-led investments and infrastructure developments such as the roll-out of the Tun Razak Exchange and the next phase of the Mass Rapid Transit line, as well as further developments in Iskandar Malaysia amongst others. We will continue to introduce innovative products and solutions onto the market to promote sustainable construction in Malaysia and will continue to ensure that sustainability remains integral to our operations,” Bradley added.

 

Today’s Annual General Meeting also adopted the proposal to amend the articles of association of the company and to change the name of the company from Lafarge Malayan Cement Berhad to Lafarge Malaysia Berhad. This exercise is in alignment with its strategy to move from a product-based organisation to one providing innovative solutions to the construction sector. 


NOTES TO EDITORS

 

About Lafarge Malayan Cement Berhad

Lafarge Malayan Cement Berhad is the parent of a group of companies in Malaysia and Singapore whose core businesses are in the manufacturing and sale of cement, ready-mixed concrete, aggregates and other related building materials. It built the country’s first cement plant in 1953 and currently has over 1,500 employees. Lafarge is the leader in the cement industry in Malaysia, operating a nationwide network of facilities that includes three integrated cement plants in Langkawi, Kanthan and Rawang, a grinding plant in Pasir Gudang and distribution channels by road, rail and sea. Lafarge is also one of the leading ready-mixed concrete companies in Malaysia with more than 30 batching plants throughout Peninsular Malaysia. Additional information is available at www.lafarge.com.my

 

About Lafarge Group
A world leader in building materials, Lafarge employs 65,000 people in 64 countries, and posted sales of €15.8 billion in 2012. As a top-ranking player in its cement, aggregates and concrete businesses, it contributes to the construction of cities around the world, through its innovative solutions providing them with more housing and making them more compact, more durable, more beautiful and better connected. With the world’s leading building materials research facility, Lafarge places innovation at the heart of its priorities in order to contribute to more sustainable construction and to better serve architectural creativity. Since 2010, the Lafarge Group has been part of the Dow Jones Sustainability World Index, the first global sustainability benchmark in recognition of its sustainable development actions. More information is available on Lafarge's website: www.lafarge.com

 

Contacts
Media Relations

 

Syed Muhammad Syed Nadzir
Public Affairs Director
Lafarge Malayan Cement Berhad
Email : syed-muhammad.syed-nadzir@lafarge.com

 

Janet Lim
Manager, Investor Relations & Communications
Lafarge Malayan Cement Berhad
Email: janet.lim@lafarge.com