Lafarge sales drop by 15% in 9 months

By JT - Oct 31,2016 - Last updated at Oct 31,2016

AMMAN — Lafarge Cement Jordan sales decreased by 15 per cent in the first nine months of the year, according to the company’s financial statements. Lafarge Jordan CEO Amr Reda attributed the decrease in sales to low demand in the local market and stated that “the company incurred an increase of JD1.2 million in environmental lawsuits expenses”.

There was a decrease in average prices of 3 per cent due to low demand and competition pressure, he added. Reda explained that the company did not record any deferred taxes for this year compared to a recorded amount of JD5.5 million last year.

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