Lafarge 2012 Profit Declines 27%

French company Lafarge SA

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.