Four charts showing Lafarge’s performance in six years

Lafarge Africa, a prominent player in Nigeria’s construction solutions sector and a member of Holcim Limited reported a decrease in its profit after tax for the first half of 2023.

Data gleaned from Lafarge’s financial results available on the Nigerian Exchange Group showed the firm’s Profit after tax decreased by 5.54 percent to N35.27 billion in the first half of 2023 from N37.4 billion recorded in the same period of last year.

This dip in profit can be attributed to an upswing in income tax. Despite this setback, the company’s revenue managed to rise by 5.90 percent to N197.68 billion during the reviewed period, compared to N186.59 billion in the same period of 2022.