PARIS: Lafarge SA, the world's biggest cement company, registered an unexpected drop in first-half profit as German construction declined and prices slumped in markets such as Brazil. The stock fell the most in two years.
Net income tumbled 18% to 359 million euros (US$568mil) from 436 million euros a year earlier, chief executive Bernard Kasriel said yesterday. An increase in full-year operating profit will now be at the “low end'' of a 6% to 8% range.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
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!
