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Jordan’s Lafarge posts losses in Q3

Jordan’s Lafarge posts losses in Q3
Lafarge
JOCM
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Mubasher: Lafarge Cement – Jordan on Wednesday reported its unaudited financial results for the third quarter of 2016.

The company posted a loss of JOD 2.75 million ($3.9 million) in Q3-16 against profit of JOD 8,950 ($12,600) in the same period in 2015, according to a filing to the Amman Stock Exchange (ASE).

The cement firm also posted a loss of JOD 4.53 million in the first nine months of 2016 against a profit of JOD 5.5 million in the year-ago period.

Nine-month sales fell 7% year-on-year to JOD 69.5 million from JOD 74.7 million, the company added.