WorldStage Newsonline– Lafarge Africa Plc, leading manufacturer of a range of cement brands, has recorded a increase of 837 per cent in profit after tax to N48.64 billion for the first quarter of 2025 from N5.19 billion in corresponding period in 2024.
The Chief Executive Officer, Lafarge Africa, Mr Lolu Alade-Akinyemi in a statement on Thursday said the revenue grew by 80 per cent to N248.35 billion when compared with N137.77 billion posted in the corresponding period of 2024 while operating profit rose by 137 per cent to N71.66 billion from N30.24 billion in 2024.
“The company’s strong performance in the first quarter is as a result of the introduction of new innovative products and operational excellence.
“We achieved solid financial results in Q1, a strong performance driven by our innovative product offerings and strategic operational initiatives.
“This is further evidence of our strong market positioning, operational efficiency, cost management, and dedication to value creation,” he said.
Alade-Akinyemi said the company’s launch of Ground Calcium Carbonate demonstrated its innovation drive and greener planet ambition.
He said the forthcoming launch of the Elephant ECOPlanet product was aimed at significantly reducing its carbon footprint in the industry.
“Lafarge Africa continues to drive the usage of calcined clay, a low carbon raw material, in its cement manufacturing process, to further drive reduction of our CO2 emission and carbon footprint.
“The company would remain resilient by leveraging innovation and green growth, in line with its sustainability ambitions, while also delivering continuous value to our stakeholders,” he said.
