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Lafarge reported a fall in second-quarter profits

French cement giant Lafarge said its second-quarter current operating income fell 28 percent to 796 million euros ($1.12 billion). Sales in the second quarter fell 14 percent to 4.362 billion euros. Net debt for the quarter was reduced by 2.29 billion euros in the second quarter from the first.

First-half key figures:

sales down 12% to €7,991m;
current operating income down 30% to €1,131m;
free cash flow up €746m to €875m;
net debt reduced by €1,496m from year end.



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