Lafarge Africa Plc has recorded a N6.47 billion loss in the third quarter of 2018, according to the third quarter result released to the Nigerian Stock Exchange (NSE) yesterday.
The loss in Q3-18 is lower than the NGN18.79bn loss reported in Q3-17.
Lafarge recorded net sales of N234bn for the nine-month period and N72bn for the third quarter of 2018. This is an increase of five per cent over 2017 both versus the quarter and the nine months period.
The positive performance was mainly driven by strong volume growth in Nigeria and favourable pricing trends in South Africa.
According to the CEO of Lafarge Africa Plc, Mr. Michel Puchercos, “We continued to deliver strong margins in our Nigerian business as a result of our successful commercial strategies with improved product visibility and the fast tracking of the new route to market. ‘’
