Giant building material manufacturer, Lafarge Africa Plc has posted a steep fall in its key performances in the group consolidated and separate financial statements for the year ended 31 December, 2015 released to the Nigerian Stock Exchange in Lagos last week.
The group’s profit after tax slid by represented 19.52 per cent, from N33.545 billion it made during the 2014 financial year to end the current year at N26.998 billion.
It’s profit before tax stood at N29.275 billion at the end of 2015 from N40.358 billion of 2014, this is N11.083 billion which is 27.46 per cent decline.
The cement producing company’s spent 69.12 per cent of its revenue on cost as its cost of sales rose to N184.703 billion against N177.783 billion which is 68.17 per cent of revenue spent on the same purpose during the 2014 financial year.
Lafarge Africa revenue slightly increased by N6.424 billion translating to 2.46 per cent at the end of 2015 year end.
Its earnings per share slumped by 138 kobo or 17.99 per cent from 767 kobo in 2014 to 629 kobo in 2015.
The total equities and liabilities of the group increased by N37.065 billion from N415.947 billion of 2014 to N453.012 billion it made at the end of 2015 financial year.
In the same vein, Lafarge Africa declared N3.60 kobo dividend for its shareholders which is lower than N3.60 kobo paid last year.
