In the just released H1:2020 financial scorecard, Lafarge Africa Plc. (WAPCO) recorded a topline growth of 2.25% (NGN120.54bn vs. NGN117.89bn in H1:2019) powered by higher cement sales (+3.47%), which offset the sharp drop (-40.22%) in revenue from aggregates and concrete. The growth also masked the weaker performance in Q2:2020 with sales volume for the quarter dropping by 3.72% (due to the economic lockdown and as realized prices remained flat).
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