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| Lafarge Shareholders' Meeting Held in Paris The Annual General Meeting of Lafarge shareholders, which was held in Paris on May 24 2006 under the chairmanship of Bertrand Collomb, approved the 2005 financial statements. After a weaker first half, the group's second-half performance was excellent, allowing it to post 8% organic sales growth, a 7% increase in operating income and a 5% increase in net profit over the full year. Lafarge also indicated that the record level of sales in the first quarter of 2006 allowed it to confirm the favorable trends for 2006 presented in February. The Annual General Meeting set the distribution of a dividend of €2.55 per share, up 6% compared to 2005. The dividend will be paid on June 8, a month earlier than in previous years. The Annual General Meeting approved a share buyback programme of up to 1 billion euros. write your comments about the article :: © 2006 Construction News :: home page |