Lafarge Africa posts 30.8% growth for 2020
On
Lafarge
Cement manufacturer Lafarge Africa Plc has posted 30.8 per cent growth in recurring earnings before interest and taxes (EBIT).
Prince Adebode Adefioye, Chairman of the company’s board, said on Friday in Lagos that the growth was presented and approved at its 62nd Annual General Meeting (AGM) held on May 25.
Adefioye said that in spite of COVID-19 pandemic challenges, the company recorded 8.3 per cent increase in net sales driven primarily by strong volume growth.
Adefioye hinged the successes on the resilience of the brand and ability to deploy strategic stakeholder engagements as well as a balanced shared value approach of achieving corporate performance.
By Itohan Abara-Laserian Lagos, May 28, 2021 Cement manufacturer Lafarge Africa Plc has posted 30.8 per cent growth in recurring earnings before interest and taxes (EBIT). Prince Adebode Adefioye, Chairman of the company’s board, said on Friday in Lagos that the growth was presented and approved at its 62nd Annual
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By Bennett Oghifo
As the global community agrees that climate change is a threat to human existence, heads of governments have seen the imperative of factoring climate response into national development plans.
Businesses are also being encouraged to take responsibility for environmental sustainability in their production lines. Last week, the United States White House’s Special Envoy for Climate, Mr. John Kerry brought together 40 heads of state for two days of virtual climate talks on what nations need to do to curb planet-warming emissions, identifying the moment as a historic economic opportunity.
“I think the reason the banks and asset managers are pledging to net zero is because they know this is an area where the demand is going to be,” Kerry said in an interview with Bloomberg. “And they believe they’re going to be able to invest and make money.”
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