Lafarge Posts Drop In H1 Net Profit

Lafarge SA LFRGY reported a drop in its net profit in the first half. Lafarge's sales for the period climbed 5% to EUR7.61 billion, while earnings before interest, taxes, depreciation and amortization (EBITDA) rose 8% to EUR1.52 billion. Lafarge's net profit dropped to EUR13 million, from EUR260 million, in the year-ago period. Lafarge shares closed at $11.10 yesterday.