Tag Archives: Lafarge Africa

Lafarge Africa has reported a N3.4 billion loss in its Pre-Tax Q2 profit for 2018 financial year. The cement company’s financial state of health when annualized, tracked behind consensus of 2018 Profit Before Tax forecast of N4.6 billion, even as experts claimed that they expect a downward revisions to consensus 2018 Earnings, Profit Before Tax forecast and a negative reaction …

Read More »

Lafarge Africa Plc has warned of the dangers for plastic pollution especially for aquatic life in the country. Mrs. Folashade Ambrose-Medebem who is Director of Communication Public Affairs and Sustainable Development at Lafarge gave the warning at an Awareness Session to mark this year’s World Environment Day. “As individuals, we can contribute our quota to beating the plastic pollution by …

Read More »

Despite the challenging business environment Lafarge Africa Plc has recorded net sales of N81 billion for the first quarter ended March 31, 2018. Which shows that the building solution company is on the growth path. The earnings performance is slightly lower than the corresponding period in 2017 by 1 percent due to volume effects in Nigeria and South Africa. Recurring …

Read More »

The Managing Director / Chief Executive Officer of Lafarge Africa Plc Michel Puchercos has assured stakeholders in the capital market that the building solution company is committed to high corporate governance standard and growth that will deliver good returns to investors. He disclosed this after the company was officially admitted into the Premium Board of the Nigerian Stock Exchange (NSE). …

Read More »

Lafarge Africa Plc, a sub-Saharan African building materials company, on Monday announced a loss after tax of N34.601 billion for the year ended December 31, 2017, compared with a profit after tax of N16.898 billion in 2016. The audited results showed that Lafarge recorded revenue of N299.153 billion, up 36 per cent from N219.714 billion in 2016. Gross profit stood …

Read More »

Against all odds, Lafarge Africa Plc on Thursday November 30, 2017, assured market operators of its commitments towards sustainable growth that will deliver returns to all stakeholders. The management led by the Group Managing Director Michel Puchercos disclosed this to stockbrokers and financial journalist during the company fact behind right issue of N131.65 billion at the floor of Nigerian Stock …

Read More »

Shareholders of Lafarge Africa Plc on Monday November 6, 2017 approved the proposed scheme of merger with United Cement Company of Nigeria Limited (Unicem) and Atlas Cement Company Limited (Atlas). The board of directors of Lafarge Africa received shareholders endorsement at a court ordered meeting in Lagos. According to chairman of Lafarge Africa Bolaji Balogun who addressed shareholders on the …

Read More »

The Board of AshakaCem has approved the exchange of shares held by minority shareholders for shares in Lafarge Africa, the majority shareholder. The approval was given at the Extraordinary General Meeting (EGM) held in Abuja on Monday, October 23, 2017. Minority shareholders will receive 57 Lafarge Africa shares for every 202 AshakaCem shares. This makes AshakaCem a fully-owned subsidiary of …

Read More »

Lafarge Africa Plc has become one of the key partners of the Council for the Regulation of Engineering   in   Nigeria (COREN) for   the   research   and   development   of   Nigeria’s   first Concrete Mix Design Manual. The company is the country’s only cement and concrete manufacturer that contributed to the development of the manual which was launched in Abuja. Speaking at the launch …

Read More »

Lafarge Africa Plc showed its commitment towards improving profitability as it reported an impressive 44.22 percent increase in revenue for the period ended June 30, 2017. The figures shows that revenue stood at N154.83 billion in 2017 as against N107.36 billion reported same period in 2016. According to a statement from the company this overall growth was aided by improved …

Read More »