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Lafarge profits fall

Published:  31 July, 2009

 

PARIS: Lafarge has reported a fall in Q2 profits and has revised its 2009 forecast for the global cement market.

 

The French building materials group, which supplies cement, aggregates, concrete and gypsum, said Q2 income fell 28% to 796m euros ($1.bn).

The company is anticipating that its annual cement volumes will fall by 4-8% in 2009. This comares with its previous forecast of a drop of 5%.

The global recession has hit developed markets particularly hard, said the company.