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Home Business News

Lafarge Africa Reports 27% Drop In Pre-tax Profits To N29 billion In 2015

Research Team by Research Team
March 17, 2016
in Business News, Company News
Lafarge Africa Reports 27% Drop In Pre-tax Profits To N29 billion In 2015
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Lafarge Africa Plc released its financial results for the year ended 31 December 2015. The result showed that revenue increased by 2.46% from N260 billion in 2014 to N267 billion in 2015, while gross profit declined by 0.60% from N83 billion to N82 billion.

The cement manufacturer also increased its operating expenses by 20.51% from N30 billion in 2014 to N36 billion in 2015.

Pre-tax profits also dropped by 27.46% from N40.3 billion in 2014 to N29.2 billion in 2015, while profit after tax dropped by 20% from N33.8 billion in 2014 to N26.9 billion in 2015.

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Tags: lafarge africaManufacturingNigerian Company Results
Research Team

Research Team

The Research Team at Nairametrics meticulously monitors, gathers, curates, and administers an extensive repository of both macroeconomic and microeconomic data originating from Nigeria and across Africa. Utilizing a variety of presentation formats—including documents, tables, and charts—our analysts disseminate key findings through the Nairametrics platform. Additionally, we regularly release insightful, research-driven articles that offer in-depth analyses of economic trends and indicators.

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