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.
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.
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%
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
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.