Earnings Update – WAPCO H12023 Elephant Strides Towards Lower Emission

Lafarge Africa Plc. (WAPCO) recorded a stronger topline performance in H1:2023 – a growth of 5.95% YoY to NGN197.68bn (compared to NGN186.59bn in H1:2022). Sales in the period were mostly supported by higher cement price in Q2:2023 (average of NGN5300 per bag from NGN3900 per bag in Q2:2022), leading the Q2:2023 standalone revenue up by 10.29% YoY.

WAPCO H12023

 

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