Lafarge Africa Reports Strong Net Income Growth in Q1 2021

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Lafarge Africa Plc, a leading Sub-Saharan Africa building materials company is a subsidiary of LafargeHolcim announced Strong Net Income Growth in Q1 2021 Result.

  • Prioritisation of Health, Safety and Environment measures for all stakeholders
  • Net Sales up 12.2% vs PY with over-proportionate growth in recurring EBIT up 24.2% vs PY
  • Strengthened Balance Sheet with a net cash position of N22.4bn vs N3.6bn end 2020

Group Q1 2021

Lafarge Africa Reports Strong Net Income Growth in Q1 2021 Brand Spur Nigeria

Khaled El Dokani, CEO of Lafarge Africa, commented:

“Our Q1 2021 performance was resilient, with net sales of +12.2%, recurring EBIT of +24.2% and net income of +13.3%, compared to the previous year. The implementation of our “HEALTH, COST & CASH” action plan continued to deliver results in Q1 2021”.

OUTLOOK 2021

  • Good demand momentum expected in Q2 2021.
  • We will continue to maximise volume opportunities in our core markets and drive our “HEALTH, COST & CASH” action plan to manage costs.
  • We will strengthen our efforts in the area of Sustainability.
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