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.
Iheanyi Nwachukwu
Iheanyi Nwachukwu, is a creative content writer with almost two decades journalism experience writing on banking, finance, capital markets, and tax. 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).
Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.
