Lafarge declares N51bn profits after tax | Dailytrust

Lafarge declares N51bn profits after tax

By Daniel Dada

Lafarge Africa Plc has declared a profit after tax of N51 billion, a 65.4% growth against the previous year’s result.

This was disclosed at the company’s 63rd Annual General Meeting held in Lagos recently.

The company also said shareholders unanimously agreed on the proposed total dividend of 200k per share (Interim and Final Dividends).

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In a statement, the Country CEO, Lafarge Africa Plc, Mr. Khaled El Dokani, said: “Our 2021 result was a record one and the PAT also was the best profit declared in a decade. Our top-line was mainly driven by volume growth, as well as the price improvement that we have noticed throughout the year, both have contributed to the improvement on our topline compared to last year.” 

Chairman of the company’s board, Prince Adebode Adefioye, hinged the company’s success on the rising demand for cement as building and construction activities picked up nationwide.

A representative of the shareholders, Pastor Olagoke Samson Olusegun, commended Lafarge Africa Plc for sustaining profit and dividend payment despite the harsh and challenging economy experienced in the year 2021. 

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