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Lafarge reports another year of strong earnings growth

French building materials group said net income jumped 36% to €375 million in fourth-quarter. Lafarge reported 39% rise in 2007 net income to €1,909 million, and said it expects earnings growth in 2008 despite weakness in the U.S. and Spain, two of its key markets. The company reiterated its 2010 targets for earnings per share of more than €15 and free cash flow of €3.5 billion. Its earnings per share in 2007 rose 41% to €11.05 and free cash flow up 23% to €1.7 billion.



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