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News Lafarge Africa’s sales rise following strong third quarter

Lafarge Africa’s sales rise following strong third quarter

Written by Global Cement staff 03 November 2020
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Nigeria: LafargeHolcim subsidiary Lafarge Africa recorded sales worth US$471m in the first nine months of 2020, up by 10% year-on-year from US$427m in the corresponding period of 2019. Its recurring earnings before interest and taxation (EBIT) increased by 15.7% to US$108m from US$93m.

Chief executive officer (CEO) Khaled El Dokani said, “Our robust results for the first nine months reflect the strong recovery of the demand in the third quarter and the successful implementation of our ‘Health, Cost & Ccash' initiatives.” He added that this was despite the impact of coronavirus and negative local currency effects.

Last modified on 06 November 2020
Published in Global Cement News
Tagged under
  • Nigeria
  • Lafarge Africa
  • Results
  • coronavirus
  • South Africa
  • Divestments
  • GCW480
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