Lafarge Malayan Cement Bhd has announced a drop in its pre-tax profit for the third quarter ended Sept 30, 2011 to RM97.214 million from RM102.142 million in the corresponding quarter last year.
In a filing with Bursa Malaysia Securities, it said the pre-tax profit for the third quarter was lower than the corresponding quarter of last year due to keen competition and higher production cost resulting mainly from the fuel and power price increase, although mitigated by the better performance of its associate company.
However, revenue rose to RM625.527 million from RM568.091 million, attributable to higher sales volumes in line with the domestic market growth as well as better export prices, it added. -- Bernama
In a filing with Bursa Malaysia Securities, it said the pre-tax profit for the third quarter was lower than the corresponding quarter of last year due to keen competition and higher production cost resulting mainly from the fuel and power price increase, although mitigated by the better performance of its associate company.
However, revenue rose to RM625.527 million from RM568.091 million, attributable to higher sales volumes in line with the domestic market growth as well as better export prices, it added. -- Bernama
