On CNET: Featured Freeware - PhotoScape
Find Articles in:
all
Business
Reference
Technology
News
Sports
Health
Autos
Arts
Home & Garden
advertisement
advertisement

Content provided in partnership with
Thomson / Gale

Business Services Industry

Lafarge: First Quarter Results as at March 31, 2008

Business Wire,  May 7, 2008  

<< Page 1  Continued from page 1.  Previous | Next

* Disposals amounted to EU21 million, compared to EU2,345 million in 2007 (sale of the Roofing business and Cement and Aggregates & Concrete operations in Central Anatolia, Turkey).

SALE OF STAKE IN LAFARGE TITAN IN EGYPT

Lafarge announced yesterday the sale of its 50% stake in Lafarge Titan in Egypt to its joint venture partner Titan, for 330 million euros (including debt of around 20 million euros).

NOTES TO EDITORS

Lafarge is the world leader in building materials, with top-ranking positions in all of its businesses: Cement, Aggregates & Concrete and Gypsum. With 90,000 employees in 76 countries, Lafarge posted sales of Euros 17.6 billion and net income of Euros 1.9 billion in 2007.

Lafarge is the only company in the construction materials sector to be listed in the 2008 '100 Global Most Sustainable Corporations in the World'. Lafarge has been committed to sustainable development for many years, pursuing a strategy that combines industrial know-how with performance, value creation, respect for employees and local cultures, environmental protection and the conservation of natural resources and energy. To make advances in building materials, Lafarge places the customer at the heart of its concerns. It offers the construction industry and the general public innovative solutions bringing greater safety, comfort and quality to their everyday surroundings.

Additional information is available on the web site at www.lafarge.com.

[TABLE OMITTED]

This release may contain forward-looking statements. Such forward-looking statements do not constitute forecasts regarding the Company's results or any other performance indicator, but rather trends or targets, as the case may be. These statements are by their nature subject to risks and uncertainties as described in the Company's annual report available on its Internet website (www.lafarge.com). These statements do not reflect future performance of the Company, which may materially differ. The Company does not undertake to provide updates of these statements.

More comprehensive information about Lafarge may be obtained on its Internet website (www.lafarge.com), under Regulated Information.

COPYRIGHT 2008 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning