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Lafarge Africa’s PBT Down By 7 Per cent

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Babatunde Akinsola
Babatunde Akinsola is aNaija247news' Southwest editor. He's based in Lagos and writes on the Yoruba Nation political issues, news and investigative reports

Lafarge-CementThe Nigerian Stock Exchange today published Lafarge Africa’s financial result for the nine months period ending 30th September 2015  which showed a 5.5 per cent increase in revenue to N168.144 billion from N159.396 billion in the same period of 2014.

However, Lafarge Africa’s profit before tax fell by 12 per cent from N38.1 billion to N33.7 billion, profit after tax also decreased 7 per cent to N29.6 billion from N31.8 billion, while basic earnings per share declined by 6 per cent from N6.74 to N6.33.

The company’s shares listed under the Industrial goods sector of the NSE traded last at N98.5 per share; a 0.49 per cent or 0.49 kobo depreciation from previous trading price of N98.99. The company has N448.7 billion in market capitalization and 4.6 billion shares outstanding.

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