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Stock & Analyst Updates | |
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Tuesday,
October 17, 2018 06:08 PM / Proshare Markets
Lafarge Africa Plc held its
Q3 2018 Investors and Analyst Conference Call Earnings Presentation. Proshare
NG participated along with leading market analysts and professionals.
An overview of the company’s
performance reflected that its Q3 top-line growth at group level remained
strong compared to last year. Growth was recorded in Nigeria’s operations in Q3
with revenue at N49bn; South Africa revenue in Q3 closed at N23bn while good
progress was made in the Ghana grinding station.
Lafarge Africa Plc recorded a
net sales of N234.300bn in Q3 2018 as against N223.669bn in Q3 2017, up by 4.8%
YoY as cement activities grew by 4.4% mainly from Nigeria while South Africa
still affected compared to last year.
Its Profit After Tax was put at
N938mln in Q3 2017 as against to N-10.32bn loss in Q3 2018 while the ongoing
turnaround plan in South Africa has resulted in significant improvement in
EBITDA.
At the close of trading
today, the share price of Lafarge Africa Plc closed flat at N21.00.
In a nutshell, below are the key takeaways from the Q3 2018 earnings presentation made by the company’s management:
Find out more information,
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