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Article: Lafarge North America Reports Fourth-Quarter and Year-End Results, and Declares Quarterly Cash Dividend; * Fourth-quarter operating results up on strong volumes.
- Article from:
- PR Newswire
- Article date:
- February 5, 2004
CopyrightCOPYRIGHT 2004 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Lafarge North America Toronto, the leading supplier of construction materials in the U.S. and Canada, today reported fourth quarter 2003 net income from continuing operations of $68.2 million, or $0.91 per share diluted, compared with $68.9 million, or $0.94 per share diluted, in the same period last year. A sharp increase in Canadian provincial tax rates this quarter reduced net income by $7.6 million, or $0.10 per share diluted, while the fourth quarter 2002 results benefited from positive one-time net adjustments of $11.1 million, or $0.15 per share diluted. The adjustments in 2002 resulted from recognition of certain one-time tax gains and a provision related to the ...