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Lafarge Africa Plc (“the Group”) delivered a solid financial performance in Q3 2024, achieving an impressive 101% revenue growth to N183.92 billion from N91.40 billion in Q3 2023. We attribute this growth to the favorable impact of increased prices and volume sales growth during the period.
Overall, the Group achieved outstanding bottom-line growth in Q3 2024, with profit after tax surging by 703% to N30.73 billion, compared to N3.83 billion in Q3 2023. This growth contributed significantly to the total profit for the nine-month period ending September 2024.
Outlook
We adjusted our revenue forecast for FY 2024 to N683.23 billion, an increase from our previous projection of N588.85 billion. This adjustment reflects expectations of higher pricing and continued volume growth, driven by strategic partnerships and infrastructure-focused initiatives.
Please follow the link “Lafarge Q3 2024 – Bottomline Performance Driven By Strong Revenue Outing” to view the whole report.
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