Lafarge Africa grows profit to N51bn in FY 2021

Lafarge Africa on Tuesday published its Full Year report for the year ended 31 December, 2021.

The result shows significant growth in the company’s top line and bottom line figures for the year under review.

A turnover of N293.086 billion for the 12 months period, up by 27.11% from N230.573 billion reported the previous year.

The Company reported a profit after tax of N51 billion, up by 65.37% from N30.842 billion

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%.

Source: Lafarge Africa grows profit to N51bn in FY 2021 – StocksWatch (stocksng.com)

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