In compliance with the requirements of the Securities Act, Cap 354 of the Laws of Zambia and the Listing Rules of the Lusaka Stock Exchange (LuSE), Lafarge Zambia Plc announces the unaudited results for the half year ended 30 June 2015.
First Half Key Figures
First Half Company Highlights
“Market activity was subdued in the first half of the year in the Zambian market and negatively impacted by political uncertainties in the Democratic Republic of Congo (DRC), which continues to be our major export market. The successful issuance of the $1.25 billion Eurobond by the Zambian Government is expected to generate increased construction activity.
Lafarge Zambia is now part of the most advanced and successful construction group in the world following the successful completion of the LafargeHolcim merger. The Company is ready to leverage the benefits of belonging to such a strong Group. It is determined to keep its market leadership and continue to offer our customers the best quality products and services.
There were no changes in the directorate during the first half of the year.
Domestic demand in the second half is expected to continue to slow down until Eurobond proceeds are directed towards infrastructure and construction activity.
Strong focus in the second half will be placed on adjusting our cost base wherever necessary.