Lafarge Pre-Tax Profit Falls to RM73.9m in Q3

18.11.2014
 

18 November 2014

 

KUALA LUMPUR, Nov 18 - Lafarge Malaysia Bhd's pre-tax profit for the third quarter ended Sept 30, 2014 slipped to RM73.9 million from RM161.41 million in the same period last year.

 

Revenue dropped to RM664.63 million from RM728.01 million, the company said in a filing to Bursa Malaysia today.

 

It said the lower revenue was attributed to the lower revenue from cement segment principally due to the lower domestic selling prices as a result of keen competition.

 

The lower pre-tax profit was due to the lower revenue and higher operating cost arising from an increase in electricity tariff and removal of fuel subsidy, it said. - Bernama