- Q4 revenue grows by 8.8% to RM750.57 million. Net profit grows by 22.3% to RM129.84 million.
25 February 2014, Kuala Lumpur - Lafarge Malaysia Berhad ("Lafarge") today announced that the company had improved its financial performance for both the fourth quarter and the financial year ended 31 December 2013. In its announcement, Lafarge has declared a fourth interim single tier dividend of 17 sen per ordinary share of RM1.00 each in respect of the financial year ending 31 December 2013.
For the fourth quarter ended 31 December 2013, the company's revenue grew by 8.8% to RM750.57 million, compared to the RM690.15 million in the corresponding quarter in 2012. Net profit for the quarter also improved by 22.3% to RM129.84 million compared to RM106.13 million in 2012. Earnings per share (EPS) for the quarter increased by 23.4% to 15.3 sen, compared to 12.4 sen in 2012.
Lafarge's revenue for the 12 months ended 31 December 2013 grew by 4.1% to RM2.85 billion, compared to RM2.74 billion in 2012. Net profit rose by 10.5% to RM386.19 million, compared to RM349.49 million in 2012, while EPS grew by 10.5% to 45.4 sen, compared to 41.1 sen in 2012.
The company attributed its significantly improved results to higher sales volumes in cement, concrete and aggregates in line with growth in market demand, better revenue contribution from the concrete segment and good cost management. Lafarge's results were further boosted by the fact that Lafarge was the preferred supplier for a number of technically challenging projects.
Commenting on Lafarge's 2013 full year financial results, Bradley Mulroney, President and Chief Executive Officer of Lafarge said, "2013 was a good year for Lafarge as we reinforced our position as an organisation that provides innovative and sustainable solutions. 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."
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. In March 2014, Lafarge will be officially launching its first fully enclosed ready-mixed concrete batching plant in the heart of Kuala Lumpur, setting the standards among other players in the country for its state-of-the art features and environmentally sound practices.
"Moving forward, we foresee a positive outlook for the construction sector, driven mainly by the continued progress of Government-led investments and key infrastructure projects as well as on-going residential and commercial developments. Lafarge will continue to focus on product quality and providing innovative solutions to customers. At the same time, we work on maintaining efficiency in the overall operations, and in promoting sustainable construction in Malaysia - ensuring that sustainability remains integral to our operations," Mr. Mulroney added.
NOTES TO EDITORS
About Lafarge Malaysia Berhad
Lafarge Malaysia Berhad is a major player of the Malaysian construction industry, contributing towards building better cities. Its solutions provide cities and townships with more housing, making them more compact, more durable, more beautiful and better connected. Headquartered in the Klang Valley, Lafarge Malaysia has a network of facilities that include three integrated cement plants in Langkawi, Kanthan and Rawang, a grinding station in Pasir Gudang, more than 30 ready-mix concrete batching plants and 6 aggregate quarries throughout Peninsular Malaysia.
Lafarge Malaysia is listed on the main board of Bursa Malaysia and is a parent of a group of companies in Malaysia and Singapore.
Additional information is available at www.lafarge.com.my
1. Ong Ping Ping
2. Janet Lim
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