Lafarge Africa Plc released its FY2021 results with the company’s net earnings rising by 65.4 percent to hit N51 billion. A summary report of how the company performed is found in the details below.
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Report Summary:
Performance Overview FY 2021 Financial Highlights
Khaled El Dokani, CEO of Lafarge Africa, said: “Our 2021 performance improved significantly from FY 2020, with net sales up 27.1%, recurring EBIT up 42.6%, and net income up 65.4%. Our use of affordable clean energy and agro-ecology footprint are in line with our net zero pledge journey”.
Outlook 2022:
The CEO beleived that demand for the company's product will continue to experience an upward momentum. As a result, the company will endeavour to maximize volume opportunities across markets and actively manage cost and consolidate on existing efforts.
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