• Business - Companies
  • Updated: March 03, 2022

Lafarge Africa Plc Makes N51 Billion In Net Earnings

Lafarge Africa Plc Makes N51 Billion In Net Earnings

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.

Personal details

  • The firm is part of the Holcim Group, a global pioneer in innovative and sustainable building solutions.
  • The company was founded on February 24, 1959 and listed on the Nigerian Exchange Group (NGX) on February 17, 1979.
  • The company operated previously under the name of Lafarge Wapco Plc. The merger of Lafarge and Holcim, resulted to a consolidated of Lafarge's assets in Nigeria and South Africa resulted which metamorphose into a new name called "Lafarge Africa Plc".
  • Lafarge offers a wide range of building and construction solutions in Nigeria, from small projects like individual homes to large construction and infrastructure projects.
  • Lafarge Africa Plc now has 10.5MTPA installed cement production capacity at Ewekoro and Sagamu in the south-west, Mfamosing in the south, and Ashaka in the north-east of Nigeria.
  • The company’s market cap is N386.89 billion and it gained 3.33 percent at the close of business yesterday (Mar-2,2022).



  • Lafarge operates in the highly capitalized and competitive cement industry where it constantly competes for increased market share between BUA Cement, Ashaka Cement, and Dangote Cement.
  • It is believed in some quarters that Lafarge cement the “Elephant” brand controls between 10-20 percent of the market. I believe that that the company’s dominant market is situated in the south western part of Nigeria.  


Report Summary:

  • Net sales rose 27.1 percent to 293.1 billion from 230.6 billion in December 2020.
  • Regular EBIT (earnings before interest and taxes) rose 42.6% to 65.107 billion, compared to 45.67 billion in December 2020.
  • Net income increased 65.4 percent to N 51,004 billion from December 2020's N 30,842 billion.
  • Free cash flow after N43.4bn lease
  • Stronger balance sheet with N 26.8bn net cash
  • Strictly focus on H&S and increasing sustainable efforts

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. 


Related Topics

Join our Telegram platform to get news update Join Now

0 Comment(s)

See this post in...


We have selected third parties to use cookies for technical purposes as specified in the Cookie Policy. Use the “Accept All” button to consent or “Customize” button to set your cookie tracking settings