Lafarge 2012 Profit Declines 27%
French company Lafarge SA (OTC: LFRGY) reported a 27% drop in its full year profit.
Lafarge's full-year net profit fell to 432 million euros. Its sales rose 3.5% to EUR15.82 billion, while EBITDA climbed 7% to EUR3.45 billion in 2012.
In the fourth quarter, Lafarge posted a net profit of EUR100 million, versus a year-ago loss of EUR3 billion. Its sales in the quarter came in at EUR3.81 billion.
Lafarge shares closed at $15.57 yesterday.
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