Lafarge Africa 2015 profit drops 19.52%

Nigeria-based cement company Lafarge Africa saw its after-tax profit drop 19.52% year-on-year to NGN 26.99 billion (€121.03 million/US$135.53 million). Before tax, profit declined 27.46% to NGN 29.27 billion. Revenue rose slightly by NGN 6.42 billion or 2.46% and EPS dropped 17.99% to NGN 6.29.
March 30, 2016 Read time: 1 min

Nigeria-based cement company 725 Lafarge Africa saw its after-tax profit drop 19.52% year-on-year to NGN 26.99 billion (€121.03 million/US$135.53 million).

Before tax, profit declined 27.46% to NGN 29.27 billion.

Revenue rose slightly by NGN 6.42 billion or 2.46% and EPS dropped 17.99% to NGN 6.29.

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Lafarge Africa pre-tax profit up 13% in H1 2015

Lafarge Africa has reported a pre-tax profit of NGN 29.72 billion (€136.03 million/US$149.33 million) in the first half of 2015, up 13% from the corresponding period of 2014.

Sales were up 12.0% to NGN 116.7 billion, while finance and investment income more than doubled to NGN 3.5 billion.

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