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News Lafarge Africa records profit increase of 96% in 2024

Lafarge Africa records profit increase of 96% in 2024

Written by Global Cement staff 28 February 2025
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Nigeria: Lafarge Africa reported a profit after tax of US$67m for the 2024 financial year, up by 96% from the US$34.3m recorded in 2023. The cement producer saw its sales rise by 72% to US$468m in 2024 from US$272m in the previous year. According to its audited financial statements filed on the Nigeria Exchange, Lafarge Africa's performance was driven by higher sales volume and improved pricing strategies, despite prevailing macroeconomic challenges.

The company's gross profit rose by 68% to US$233m from US$139m in 2023. Its operating profit stood at US$130m, up by 89% from the US$68.6m recorded in 2023.

Last modified on 05 March 2025
Published in Global Cement News
Tagged under
  • Nigeria
  • Lafarge Africa
  • Results
  • Middle East and Africa
  • GCW699
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