PARIS: French company Lafarge, the world’s No. 1 cement maker, reported a sharper-than-expected 49% drop in first-half net profit yesterday, hurt by the euro’s strength and bad weather.
Lafarge, which makes plasterboard and roofing materials as well, also confirmed that it aimed to cut its debt by one billion euros in 2003 and was on track to sell off up to 600 million euros of assets this year.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
