[upme_private]Lafarge Wapco released its 2013 H1 earnings report showing revenue increased 6.8% to N49.4billion (2012 H1: N46.3billion). Gross Profit Margin remained flat at 39% due to an increase in Cost of Sales (6.5%) that almost matched the increase in revenue. Operating profit rose 6.5% to N15billion during the period under review. Operating expenses as a percentage of Gross profit was 18.3% slightly higher than 17.7% posted same period last year.
The company reduced its debt to equity ratio by 15% even though only N400m was paid off during the period as principal. Pre tax profit for the period was N13.8billion 13% better than what it made in 2012
Wapco Released its 2013 H1 results in the website of the NSE[/upme_private]
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