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LAFARGE AFRICA
News and analysis about lafarge Africa
Lafarge Africa Plc, a leading innovative and sustainable building solutions company, proudly hosted its Annual Customer Awards Ceremony, honouring the outstanding achievements of its esteemed trade partners and customers.
Lafarge Africa Plc has commissioned a new Evacuation Road in Mfamosing, Cross River State, a critical infrastructure project aimed at enhancing safety, efficiency, and connectivity for Lafarge Africa's operations and its host communities.
Dangote Cement Plc, BUA Cement Plc, and Lafarge Africa Plc spent a whopping sum of N598.137 billion in fuel and power during the full year ended December 31, 2023.
Despite this, Lafarge Africa produced one of the better results published by a manufacturing company in Nigeria in 2023.
The devaluation of the Naira in June 2023 caused quite a shock in the Nigerian business environment with many companies accruing losses due to their foreign exchange exposures.
Lafarge Africa reported its 2023 second-quarter results showing pre-tax profits grew by 29.02% year on year, reaching N32.787 billion.
It was another busy week for corporate Nigeria, characterised by Q3 earnings forecasts, dividend announcements, appointments, and even product launches.
Lafarge Africa Plc has released its full-year 2022 results, reporting a profit after tax of N53.6 billion, marking a 5.18% increase
Three cement companies recorded N78.6 billion in foreign exchange losses between January and September 2022
The 19.68% revenue growth was despite the cost pressures faced by the companies
The cement firms include Dangote Cement Plc, BUA Cement Plc and Lafarge Africa Plc.
The marginal increase in prices of cement this year impacted positively on the revenue, thus the positive growth in gross profit and gross profit margin.