Lafarge SA LFRGY reported a 28% drop in its 2011 net profit.
Lafarge's net profit for the period fell to 593 million euros ($773.39 million). Its sales gained 3% to 15.28 billion. Analysts were expecting a net profit of 688.47 million on sales of 15.17 billion.
In the three months to December 2011, Lafarge's sales climbed 5% to 3.8 billion.
Lafarge shares closed at $10.58 yesterday.
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