Lafarge Cement have announced a massive 70% rise in group profits for the first half of the year.
The company reported a record-breaking first half for the period ending June 30 this year. Sales were up 4% to €8,385 but it was the 70% rise in net income that really made the period such a success.
The huge increase is the result of improved margins thanks to cost reductions across the group said group chairman and ceo Bruno Lafont.
“The increase in our earnings in the first half reflects the structural improvement in our operations and the cost reductions implemented throughout the group.
“Our margins are up sharply,” he added. “We are confident for the second half of the year.”