Lafarge Africa Declares N51bn Profit, N1 Final Dividend

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CEM REPORT | Lafarge Africa has declared a profit after tax of N51 billion for the year ended 31 December, 2021 with a growth of 65.37% from N30.842 billion

Lafarge on Tuesday published its Full Year report for the year ended 31 December, 2021 showing significant growth in the company’s top line and bottom line figures for the year under review.

Its turnover for the 12 months period stands at N293.086 billion, showing a growth of 27.11% from N230.573 billion reported the previous year.

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The Company Earnings per share increased year on year by 65.37% to N3.17 from the EPS of N1.91.

At the share price of N26.95, the P/E ratio of Lafarge Africa stands at 8.51x with earnings yield of 11.75%.

The Board of Directors of the company proposed a final dividend of N1 in addition to the interim dividend of N1 already declared bringing it to total dividend payout of N2.

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