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 audited results for the year ended 31 December 2015.
FULL YEAR OPERATIONAL PROFIT AT ZMW 452 MILLION (-23% vs. 2014)
ON-GOING COST BASE ADJUSTMENT MEASURES TO DEAL WITH NEW MARKET ENVIRONMENT
FULL YEAR KEY FIGURES
FULL YEAR COMPANY HIGHLIGHTS
"Despite new competition and challenging markets Lafarge Zambia maintained its market leadership in 2015 both in Zambia and in the DRC, with a marginal reduction versus our record 2014 volume numbers. The second half of 2015 saw a combination of negative factors both in terms of market and in terms of production costs. Strong measures have been put in place to reduce our costs and leverage synergies from the new Group. We are fully focused in 2016 on developing our export markets and introducing new solutions to our customers particularly in the distribution sector."
Emmanuel Rigaux, Chief Executive Officer of Lafarge Zambia
Mr. Dominique Drouet was appointed to the Board effective 7 August 2015.
Our markets are expected to be challenging again in 2016 both on prices and volume. We will continue to focus on our export markets (Democratic Republic of Congo (DRC), Malawi, Zimbabwe, and Tanzania). Our partnership with the rail authorities including Zambia Railways Limited is set to increase the flow of products by rail to our foreign markets and assert Zambia as a regional export hub.