Revenue dragged by abysmal performance of South Africa’s operation: Lafarge Africa finally released its delayed 2018FY and Q1:2019 financial results, accompanied by the announcement of the divestment of its 100% interest in Lafarge South Africa Holdings (LSAH). In Q1:2019, the South African cement market remained muted against the backdrop of a challenging market, where both the consumer segment and construction industry came under pressure. Consequently, decline in cement volume sold in LSAH marred the group’s Q1:2019 performance. Revenue from Nigeria increased marginally by 0.60% while South Africa, which contributed 29.00% contracted by -10.80%, hence, the total revenue declined by 2.64% to NGN78.51bn. Kindly find attached the full report.
Earnings Update- WAPCO: Q1 2019.
Revenue dragged by abysmal performance of South Africa’s operation: Lafarge Africa finally released its delayed 2018FY and Q1:2019 financial results, accompanied by the announcement of the divestment of its 100% interest in Lafarge South Africa Holdings (LSAH). In Q1:2019, the South African cement market remained muted against the backdrop of a challenging market, where both the consumer segment and construction industry came under pressure. Consequently, decline in cement volume sold in LSAH marred the group’s Q1:2019 performance. Revenue from Nigeria increased marginally by 0.60% while South Africa, which contributed 29.00% contracted by -10.80%, hence, the total revenue declined by 2.64% to NGN78.51bn. Kindly find attached the full report.