Lafarge Africa’s profit decrease by 7%

26 October 2015

The Nigerian Stock Exchange today published Lafarge Africa’s financial result for the nine months period ending 30th September 2015  which showed a 5.5% increase in revenue to N168.144 billion from N159.396 billion in the same period of 2014.

However, Lafarge Africa’s profit before tax fell by 12% from N38.1 billion to N33.7 billion, profit after tax also decreased 7% to N29.6 billion from N31.8 billion, while basic earnings per share declined by 6% from N6.74 to N6.33.

The company’s shares listed under the Industrial goods sector of the NSE traded last at N98.5 per share; a 0.49% or 0.49 kobo depreciation from previous trading price of N98.99. The company has N448.7 billion in market capitalisation and 4.6 billion shares outstanding. 

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