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Home Markets Equities Company Results

H1 2018 Results: Lafarge Africa Plc records N3.9 billion loss after tax

mudeerat olawunmi by mudeerat olawunmi
July 24, 2018
in Company Results, Markets, Stock Market
Lafarge Africa provides grant for startups, Lafarge Africa’s latest earnings report reveals 8.5% decline in gross profit , Lafarge Africa gets new CFO one month after resignation of former finance director, Lafarge Plc reveals why it invited Italian man with Coronavirus to Nigeria, Lafarage Africa group Plc posts a revenue of N213 billion in 2019, profit up N17 billion, Lafarge moves to sell 35% shareholding in Continental Blue Investment Ghana Limited

Lafarge Africa Plc

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Lafarge Africa Plc, today, released its H1 2018 financial statements for the year ended 30 June 2018.

Here are the key highlights of the reports:

Revenue

The company reported revenue of ₦162.29 billion for the period ended June 2018 compared to ₦154.84 billion reported for the period ended June 2017. This represents a 5% increase for the comparative period in 2017.

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Creating Livable & Productive Cities a Veritable Tool for Economic Growth – Lafarge Africa CEO

Profit/Loss Before Tax

Loss before tax was ₦6.35 billion for the period ended June 2018 as against profit before tax of ₦18.16 billion reported for the period ended June 2017.

Profit/Loss After Tax

The company’s loss after tax for the half year ended 30th June 2018 was ₦3.9 billion as against profit after tax of ₦19.7 billion recorded in H1 2017.

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Earnings/Loss Per Share

Lafarge also reported loss per share of 45 kobo for the period ended June 2018 as against earnings per share of 368 kobo reported for the comparative period in 2017.

Current Share Price

Lafarge Plc is currently trading at 29.30, down 9.85%

DOWNLOAD LAFARGE AFRICA PLC H1 2018 RESULTS

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Tags: 2018 Half Year ResultsLafarge Africa Plc

Comments 2

  1. Oladele Ebenezer says:
    July 24, 2018 at 1:12 pm

    I think the Profit/Loss before and after tax should be properly checked. Profit after tax in 2017 can’t be higher than profit before tax. It doesn’t look right

    Reply
    • mudeerat olawunmi says:
      July 24, 2018 at 1:54 pm

      Good Afternoon,

      The company was given a tax credit of N1.57 billion in 2017. You can check the link in the article to confirm.

      Reply

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