Lafarge Africa’s 2021 profit highest in a decade as turnover crosses N293 billion

Lafarge Africa’s 2021 profit highest in a decade as turnover crosses N293 billion

Cement-maker Lafarge Africa posted its heftiest profit since at least 2011 as top-line improved by as much as 27.1 per cent, and the real estate industry of Africa’s largest economy returned to bloom after a second recession in five years hampered consumer spending.

Revenue for last year rose to N293.1 billion from N230.6 billion a year before, according to Lafarge Africa’s audited financials issued on Tuesday and seen by PREMIUM TIMES.

But that still lags behind the figure reported four years back in 2017, when the company generated sales worth N299.2…

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Lafarge Africa’s 2021 profit highest in a decade as turnover crosses N293 billion

 

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