Cement News tagged under: Lafarge South Africa Holdings (Pty) Ltd
Lafarge Africa announces NGN34.3bn loss in 201717 May 2018, Published under Cement NewsMobolaji Balogun, Chairman of Lafarge Africa Plc, on Wednesday said the overall drop in domestic cement demand was instrumental to the group’s NGN34.3bn (US$95.1m) loss before tax in the 2017 financial year. Mr Balogun said the cement volumes sold in 2017 were lower by 15.6 per cent compared with 2016 and, as a result, operating profit plummeted to NGN7.9bn, as against NGN12.4bn the previous year. "Cement selling prices recovered in 2017 which helped to partly offset the impact on cost of ... |
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