Lafarge Africa posts 30.8% growth for 2020
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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.