LAFARGE AFRICA POSTED NET SALES OF N162BN IN THE FIRST HALF OF 2018 - Welcome to Soul 2 Soul Mates Blog

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7/24/2018

LAFARGE AFRICA POSTED NET SALES OF N162BN IN THE FIRST HALF OF 2018


Lafarge Africa has posted net sales of N162 billion in the first half of 2018 and N82 billion in the second quarter.

Mr. Michel Puchercos, the Chief Executive Officer of the company made this known in a statement in Lagos.

Puchercos said that the figure represented an increase of five per cent and 11 per cent respectively, compared to the corresponding period of 2017.

He said that the growth was mainly driven by Nigeria’s strong operational performance.

According to him, the company will continue to deliver strong margins in its Nigerian business as a result of commercial and energy strategies.

Puchercos said the company’s results were still affected by the timing of inventory movements and performance in South Africa.

“Lafarge Africa commercial, logistic and industrial operations in Q2 2018 continued to improve strongly despite inflation and foreign exchange impacts.

“We shall continue to deliver on our energy improvement plan, with notably increased use of alternative fuel and coal.

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