Lafarge Africa Plc, Nigeria investment outlook - Lafarge rights issue
Lafarge Africa Plc

Lafarge Africa Plc has announced the resignation of Sylvie Rochier as a Non-Executive Director, with effect from October 30, 2018.

Following Rochier’s resignation, the cement company announced Jean-Philippe Benard as the new Non-Executive Director, with effect from October 31, 2018.

Rochier started her career with Lafarge in 1989 where she held various senior Management Positions such as Controller and Finance Director for Lafarge Materiaux de Specialities.

She joined the Group Central Finance Services in 2000 and has since then occupied several key roles including Group Vice President, Investment Projects and Group Senior Vice President, Finance. She was also the Financial Controller of Air Products and Chemicals Inc.

Rochier also hold other Directorship positions. She is the Chairman of Scarcell Therapeutics SAS, member of the Board of Directors of Cimencam, LafargeHolcim Guinée, LafargeHolcim Côte d’Ivoire and SCB Lafarge.

She joined the Board of Lafarge Africa Plc on July 26, 2012 and appointed as Vice-Chairman of the Board in April 2018.

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

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

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.

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.

The company’s share traded at ₦15.70 on the floor of the Nigerian Stock Exchange (NSE) yesterday.

About Lafarge Africa Plc

Lafarge Africa Plc, a leading Sub-Saharan Africa building materials company is a subsidiary of LafargeHolcim, a world leader in building materials. Listed on the Nigerian Stock Exchange with a presence in Africa’s two largest economies, Nigeria and South Africa, Lafarge Africa is actively participating in the urbanisation and economic growth of Africa.

Famuyiwa Damilare is a trained journalist. He holds a Higher National Diploma (HND) in Mass Communication at the prestigious Nigerian Institute of Journalism (NIJ). Damilare is an innovative and transformational leader with broad-based expertise in journalism and media practice at large. He has explored his proven ability in the areas of reporting, curating and generating contents, creatively establishing social media engagements, and mobile editing of videos. It is safe to say he’s a multimedia journalist.

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