Lafarge Cement projects profit

LAFARGE Cement Zimbabwe Limited projects profitability in 2016 after recording a $1,9 million loss in after tax profit for the year-ended December 31, 2015.

BY BUSINESS REPORTER

The company recorded a profit after tax of $80 950 in 2014.

In a statement accompanying the company’s results, Lafarge said the economy experienced serious difficulties on a sustained basis because of a combination of factors such as the liquidity crunch, reduced consumer spending due to continued job losses and a poor agricultural season arising from a late and erratic rainfall season.

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