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News Lafarge Cement Zimbabwe increases profit by 4.8% to US$178m in 2019

Lafarge Cement Zimbabwe increases profit by 4.8% to US$178m in 2019

Written by Global Cement staff 02 July 2020
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Zimbabwe: LafargeHolcim subsidiary Lafarge Cement Zimbabwe has reported a profit of US$178m in 2019, up by 4.8% year-on-year from US$170m in 2018. Inflation-adjusted sales rose doubled to US$919m from US$449m. Cement volumes remained level at 323,000t. The company said that it, “recorded its best financial performance in over five years. The construction of a US$2m dry mortar mixing plant was completed and installation of the equipment on site is set to be completed in the second half of 2020.”

Last modified on 08 July 2020
Published in Global Cement News
Tagged under
  • Zimbabwe
  • Lafarge Zimbabwe
  • LafargeHolcim
  • Results
  • mortar
  • Mortar plant
  • GCW463
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