Lafarge Africa declares 65 per cent increase in net income

Lafarge Africa Plc. has recorded Net sales up 27.1 per cent above the previous year and recurring Earning Before Interest and Taxes (EBIT) up 42.6 per cent as well as a Net income up 65.4 per cent in its 2021 Financial Year.

This was disclosed in a statement showing its Financial Year result of 2021.

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The CEO of Lafarge Africa Plc., Khaled El Dokani, said about the results: “Our 2021 performance showed significant improvement, with net sales of +27.1%, recurring EBIT of +42.6% and net income of +65.4%, compared to FY 2020 results.

“We are equally pleased with the progress we are making on sustainability; our use of affordable clean energy and agro-ecology footprint is in accordance with our net-zero pledge journey.

“We recorded a robust free cash flow after the lease of N43.4bn and a strengthened Balance Sheet with a net cash position of N 26.8bn.”

He further stated that the company would continue to maximise volume opportunities across its markets and actively manage costs in the coming years.