Lafarge grows FY’18 revenue to N308.4bn

Last updated: June 20, 2019 1:14 pm

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Lafarge Africa Plc

Lafarge Africa Plc has released its full year results for the period ended December 31, 2018, and said revenue grew by 3.1percent to N308.43billion from a low of N299.15billion in 2017.

As at 1.59pm on Thursday June 20, 2019, the company’s share price had rallied on the Nigerian Stock Exchange by 95kobo or 9.95percent, from N9.55 to N10.5.

Gross Income of N69.68billion in 2018 against N48.97billion represents an increase of 42.3percent.

The company was able to reduce its record Loss before Tax (LBT) by 42.7percent from a high of N34.03billion in 2017 to N19.50billion in 2018.

Also, its Loss after Tax (LAT) at N8.80billion in 2018 stood lower by 74.6 percent compared with N34.601billion in 2017.

TAGGED:Lafarge Africa Plc NSE

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ByIheanyi Nwachukwu

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Iheanyi Nwachukwu, is a creative content writer with over 18 years journalism experience writing on banking, finance and capital markets. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos. Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA).