Mon, 20 Mar 2017 17:12:47 +0000 By Sheila Sakupwanya LAFARGE Zambia has recorded K889 million revenues and a profit after tax of K77 million for the year 2016, representing earnings per share of K0.39, despite the competitive pressure, a prolonged tight liquidity on the money market as well as high interest rates. According to a statement released to the Daily Nation, the restricted expenditure resulted in the domestic market contraction of about 21 percent compared to 2015. Lafarge Zambia chief executive officer Vincent Boukaert said he was convinced that 2017 would be a positive year for the economy and the company due to rising copper prices, promising maize harvest, and a 1.5 percent reduction in monetary policy rate that would result in improved construction activities in the country. “The innovative products and solutions that the company continues to pursue will drive growth in 2017 and the growth in the mining activity due to the rising […]
