The turnaround initiatives of Lafarge Africa Plc may have come to stay going by the first quarter financial results of the company released last Friday.
The firm, which after offloading its South African arm last year started to get fresh air, said in the first three months of 2020, recorded a 153.1 percent growth in profit after tax.
In the period under review, the cement giant printed a net profit of N8.1 billion compared with the N3.2 billion achieved in the corresponding period of 2019.
It also posted a profit before tax of N9.4 billion in the period in contrast to N4.6 billion reported in the first quarter of last year.
The firm, which after offloading its South African arm last year started to get fresh air, said in the first three months of 2020, recorded a 153.1 percent growth in profit after tax.
In the period under review, the cement giant printed a net profit of N8.1 billion compared with the N3.2 billion achieved in the corresponding period of 2019.
It also posted a profit before tax of N9.4 billion in the period in contrast to N4.6 billion reported in the first quarter of last year.