Thursday, April 25, 2024
Latest:
CAPITAL MARKETMARKETSTOP STORY

Lafarge Africa announces N30bn loss in profit

editor

With slow sales and significant increase in financial charges, Lafarge Africa has announced N30 billion loss in profit for the half year period ended June 30, 2016.

The cement manufacturing company had reported a N30.8 billion gain in prior half year attributed to increase sales and modest loss in finance charges that include foreign change charges.

It will be recalled that the management of Lafarge Africa had announced exchange loss of N28 billion arising from Dollar borrowings that might affect it profit.

Financial charges rose by 159 per cent from N1.8 billion in half year ended June 30, 2015 to N4.6 billion half year ended June 30,2016

Also, sales of Lafarge Africa dropped by 29 per cent to N107.36 billion as against N152.2 billion recorded in half year under review, with decline in profit, the company’s earnings per share moved from N5.86 to loss of N5.54.

However, the company in a statement signed by its company Secretary, Uzoma Uja, noted that the cement manufacturing company had borrowed in total sum of $395 million before the new CBN guidelines on foreign exchange.

According to the statement, “the impact of the naira devaluation is expected to be a N28 billion unrealized exchange loss arising from USD borrowings, which at the time of the devaluation consisted of $310 million shareholder loans and $85 million external loans.

These loans relate to United Cement Company of Nigeria Limited (Unicem) and were mainly set up prior to the acquisition by Lafarge Africa plc of its original 35 per cent stake in Unicem.

“Lafarge Africa Plc has since then increased its stake in Unicem and held at the time of the devaluation, 50 per cent of Unicem, which was fully consolidated.

“Lafarge Africa Plc now holds 100 per cent of Unicem. The N28 billion unrealized exchange loss will have no immediate impact on cash flow,” the company explained in its statement to Nigerian Stock Exchange.

Furthermore, total assets in six months rose by nearly nine per cent to N492.5 billion from N435 billion as at December 31, 20115.

You May Also Like

BudgIT laments FG’s lack of will to end gas flaring

editor

Buhari seeks speedy passage of Special Crimes Court Bill

editor

Zidane wants Real Madrid to treat clash with Inter Milan like a final

editor

44 thoughts on “Lafarge Africa announces N30bn loss in profit”

  • I simply want to say I am just newbie to blogging and really savored this blog site. Likely I’m want to bookmark your website . You absolutely come with outstanding articles and reviews. With thanks for sharing with us your blog site.

  • I simply want to mention I am just newbie to blogs and honestly savored you’re website. Almost certainly I’m likely to bookmark your website . You definitely come with terrific articles. Bless you for revealing your website page.

  • I just want to say I’m all new to blogs and really loved your blog. Likely I’m want to bookmark your blog . You surely have incredible stories. Thanks a lot for revealing your webpage.

  • I simply want to say I am just new to blogging and definitely savored your website. More than likely I’m want to bookmark your blog post . You amazingly have impressive articles. Cheers for revealing your website.

  • I just want to say I am new to blogs and absolutely loved this page. Most likely I’m likely to bookmark your blog . You actually have very good articles and reviews. Regards for revealing your website page.

  • I simply want to mention I’m new to blogs and seriously liked this page. Probably I’m want to bookmark your blog post . You actually have very good well written articles. Kudos for revealing your web site.

  • I simply want to mention I’m beginner to blogs and definitely savored you’re web page. More than likely I’m going to bookmark your blog . You amazingly come with tremendous stories. Thank you for sharing your webpage.

  • I just want to tell you that I am very new to weblog and truly loved this web-site. Probably I’m want to bookmark your website . You surely have really good articles and reviews. Regards for sharing with us your web-site.

  • I just want to say I am very new to blogging and site-building and seriously loved you’re web-site. Almost certainly I’m going to bookmark your blog . You really come with remarkable article content. Thanks for sharing your webpage.

  • I just want to tell you that I’m very new to blogging and truly enjoyed your website. Almost certainly I’m want to bookmark your site . You absolutely have impressive posts. Thanks a bunch for sharing your webpage.

  • I simply want to mention I am newbie to blogs and honestly savored you’re web blog. Almost certainly I’m planning to bookmark your blog . You really come with great posts. Appreciate it for sharing with us your web page.

  • When someone writes an piece of writing he/she retains the thought of a user in his/her brain that how a user can understand it. So that’s why this post is amazing. Thanks!|

  • very good put up, i definitely love this website, keep on it

  • Very great post. I just stumbled upon your blog and wished to say that I have really loved browsing your blog posts. In any case I’ll be subscribing to your rss feed and I am hoping you write once more very soon!

  • Thanks for your article. My partner and i have usually observed that almost all people are needing to lose weight simply because they wish to show up slim and also attractive. Having said that, they do not always realize that there are additional benefits just for losing weight also. Doctors say that overweight people come across a variety of disorders that can be perfectely attributed to their particular excess weight. Thankfully that people that are overweight along with suffering from various diseases are able to reduce the severity of their particular illnesses simply by losing weight. It’s possible to see a slow but notable improvement with health when even a slight amount of fat reduction is obtained.

  • Appreciating the hard work you put into your blog and in depth information you provide. It’s good to come across a blog every once in a while that isn’t the same out of date rehashed material. Excellent read! I’ve saved your site and I’m adding your RSS feeds to my Google account.

  • You should take part in a contest for one of the best blogs on the web. I will recommend this site!

  • You made some first rate points there. I looked on the internet for the issue and located most individuals will go together with together with your website.

  • Wow in actual fact a great post. I like this.I just passed this onto a colleague who was doing a little research on that. And he actually bought me lunch because I found it for him. Overall, Lots of great information and inspiration, both of which we all need!

  • Excellent information here. This interesting post made me smile. Maybe if you throw in a couple of pics it will make the whole thing more interesting.

  • Usually I do not post on blogs, but I would like to say that this article really forced me to do so! Thanks, really nice article.

  • The Zune concentrates on being a Portable Media Player. Not a web browser. Not a game machine. Maybe in the future it’ll do even better in those areas, but for now it’s a fantastic way to organize and listen to your music and videos, and is without peer in that regard. The iPod’s strengths are its web browsing and apps. If those sound more compelling, perhaps it is your best choice.

  • Call 1844-722-6675 for techincal help with QuickBooks accounting software by Intuit certified ProAdvisors. Supported Keywords:Quickbooks technical support | Quickbooks support | QuickBook technical support | Quickbook support | QuickBooks support contact number | Quickbooks Support Phone Number | Quickbooks Phone Support | Quickbooks Canada 2014 | Quickbooks support toll free number | Quickbooks help line number | support for Quickbooks | Quickbooks tech support | Quickbooks contact | QuickBooks 2008 Support | QuickBooks 2009 Support | QuickBooks 2010 Support | QuickBooks 2011 Support | QuickBooks 2012 Support | QuickBooks 2013 Support |QuickBooks 2014 Support | QuickBooks Technical Support | QuickBooks 2015 Help | QuickBooks 2015 Support

  • The Zune concentrates on being a Portable Media Player. Not a web browser. Not a game machine. Maybe in the future it’ll do even better in those areas, but for now it’s a fantastic way to organize and listen to your music and videos, and is without peer in that regard. The iPod’s strengths are its web browsing and apps. If those sound more compelling, perhaps it is your best choice.

  • Aloha, I found your blog on Bing Weblogs and think it is pretty intriguing and delivers fantastic material. Thank you regarding this superb post, I will certainly promote this on Twitter. Have a pleasant day on interior design ideas for home and office

  • I admire the beneficial information and facts you provide in your posts. I will bookmark your blog and have my children examine up right here often. From: home interior decoration design ideas

  • My brother suggested I may like this blog. He was once entirely right. This post actually made my day. You cann’t imagine simply how a lot time I had spent for this information! Thanks!|

  • Hey, thanks for sharing I always look forward to reading your posts one of the few blogs I still follow home decorated

  • 1-844-722-66Quickbooks Phone Number)))) 1-800-860-9230 ((((Quickbooks Tech Support phone number @@Call, 1-800-860-9230 for all type help by Quickbooks tech support phone number, 1-844-722-6675 Intuit Quickbooks Tech Support Phone Number, 1-844-722-6675 Quickbooks Help Desk Phone Number, 1-844-722-6675 Quickbooks tech support number, Quickbooks technical support phone number,@@ 1-844-722-6675 @ Quickbooks phone number, 1-844-722-6675 Quickbooks technical support number, 1-844-722-6675 Quickbooks support phone number, 1-844-722-6675 Quickbooks technical support, Quickbooks Customer Service Phone Number, Quickbooks Customer Service Number, Quickbooks Customer Support Phone Number, Quickbooks Customer Support Number,@@@@ Quickbooks Customer Service Helpline Number, Quickbooks Customer Care Number, Quickbooks support team phone number, @@@@@ Quickbooks help number-Quickbooks Helpline Number; Quickbooks help phone number-Quickbooks Helpline Number, Quickbooks Tech Support Toll free Number, Quickbooks Support Telephone Number, Quickbooks Tech Support Telephone number, Quickbooks Tech Support contact number, Quickbooks support contact number, Quickbooks technical support contact number. Call, Quickbooks tech support phone number, Intuit Quickbooks Tech Support Phone Number, Quickbooks Help Desk Phone Number, Quickbooks tech support number, Quickbooks technical support phone number, Quickbooks phone number, Quickbooks technical support number, Quickbooks support phone number. It is very popular toll free number which provide by Quickbooks technical support, Quickbooks Customer Service Phone Number, Quickbooks Customer Service Number, Quickbooks Customer Support Phone Number, Quickbooks Customer Support Number, Quickbooks Customer Service Helpline Number, Quickbooks Customer Care Number, Quickbooks support team phone number. Call, Quickbooks tech support phone number, Intuit Quickbooks Tech Support Phone Number, Quickbooks Help Desk Phone Number, Quickbooks tech support number, Quickbooks technical support phone number, Quickbooks phone number, Quickbooks technical support number, Quickbooks support phone number, Quickbooks technical support, Quickbooks Customer Service Phone Number, Quickbooks Customer Service Number, Quickbooks Customer Support Phone Number, Quickbooks Customer Support Number, Quickbooks Customer Service Helpline Number, Quickbooks Customer Care Number, Quickbooks support team phone number, Quickbooks help number-Quickbooks Helpline Number; Quickbooks help phone number, Quickbooks Helpline Number, Quickbooks Tech Support Toll free Number, Quickbooks Support Telephone Number, Quickbooks Tech Support Telephone number, Quickbooks Tech Support contact number, Quickbooks support contact number, Quickbooks technical support contact number, Quickbooks pro support phone number, Quickbooks payroll support phone number. Quickbooks payroll customer support phone number Quickbooks Support Helpline Number, Quickbooks contact number Quickbooks tech support phone number Quickbooks support team phone number Quickbooks contact number 1-844-722-6675 Quickbooks technical help telephone number, Quickbooks technical help contact number, Quickbooks technical support contact number, Quickbooks contact number, Quickbooks contact phone number, Quickbooks contact telephone number, Quickbooks 24 hour contact number, Quickbooks customer support contact number, Quickbooks customer service contact number, Quickbooks official number, Quickbooks official contact number, Quickbooks 800 contact number, Quickbooks toll free number, 800 number for Quickbooks support, Quickbooks 24/7 support phone number Quickbooks PRO support phone number,Quickbooks PRO support phone number,Quickbooks PRO help phone number, Quickbooks PRO technical support number.Quickbooks PRO support number, Quickbooks PRO phone number, Quickbooks PRO tech support number, Quickbooks PRO customer support number, Quickbooks PRO customer support phone number, Quickbooks PRO customer service phone number, Quickbooks PRO payroll customer service phone number, Quickbooks PRO support phone number. Help@Call 1-800-860-9230/.Quickbooks 24/7 support phone number,Quickbooks telephone number for support? call 1-844-722-6675@./Quickbooks contact number, Quickbooks contact phone number, Quickbooks contact telephone numbertelephone number for Quickbooks online support,Quickbooks official support number,Quickbooks official number,Quickbooks payroll official phone number,phone number for Quickbooks payroll supportQuickbooks 24/7 support phone numberQuickbooks support number,Quickbooks telephone number for support ……………… Quickbooks PRO phone number,(1-800-860-9230)// Quickbooks PRO customer care number….. Quickbooks PRO Toll Free, Intuit@(1-800.860-9230)@-: Quickbooks PRO Technical Support Number, Quickbooks PRO help desk phone number provides online solution for all USA/CANADA clients. For any help of query call 1 800 860 9230 to get all Quickbooks PRO account solution. For any help of query call 1 800 860 9230 to get all Quickbooks PRO account solution. @@Call, 1-800-860-9230 for all type help by Quickbooks PRO support telephone number,Quickbooks PRO support phone number,Quickbooks PRO support phone number,Quickbooks PRO help phone number, Quickbooks PRO technical support number.Quickbooks PRO support number, Quickbooks PRO phone number, Quickbooks PRO tech support number, Quickbooks PRO customer support number, Quickbooks PRO customer support phone number, Quickbooks PRO customer service phone number, Quickbooks PRO payroll customer service phone number, Quickbooks PRO support phone number Quickbooks PRO help number-Quickbooks PRO Helpline Number; Quickbooks PRO help phone number-Quickbooks PRO Helpline Number, Quickbooks PRO Tech Support Toll free Number, Quickbooks PRO Support Telephone Number, Quickbooks PRO Tech Support Telephone number, Quickbooks PRO Tech Support contact number, Quickbooks PRO support contact number, Quickbooks PRO technical support contact number, Quickbooks PRO help desk phone number. Call, @(1-800-860-9230)@-: It is very popular toll free number which provide by Quickbooks PRO technical support, Quickbooks PRO Customer Service Phone Number, Quickbooks PRO Customer Service Number, Quickbooks PRO Customer Support Phone Number, Quickbooks PRO Customer Support Number, Quickbooks PRO Customer Service Helpline Number, Quickbooks PRO Customer Care Number, Quickbooks PRO support team phone number. Call,@(1-800-860-9230)@-: Quickbooks PRO help number-Quickbooks PRO Helpline Number; Quickbooks PRO help phone number, Quickbooks PRO Helpline Number, Quickbooks PRO Tech Support Toll free Number, Quickbooks PRO Support Telephone Number, Quickbooks PRO Tech Support Telephone number, Quickbooks PRO Tech Support contact number, Quickbooks PRO support contact number, Quickbooks PRO technical support contact number, Quickbooks PRO pro support phone number, Quickbooks PRO payroll support phone number. Quickbooks PRO payroll customer support phone number for all type help by Quickbooks PRO support telephone number, Quickbooks PRO help phone number, Quickbooks PRO technical support number.Quickbooks PRO support number, Quickbooks PRO phone number, Quickbooks PRO tech support number, Quickbooks PRO customer support number, Quickbooks PRO customer support phone number, Quickbooks PRO customer service phone number, Quickbooks PRO payroll customer service phone number75 ,, quickbooks 24 hourNumber..,, quickbooks customer SuPpoRT Number..,, QuickBooks tech SuPpoRT PhoNEnumber, Intuit QuickBooks Tech SuPpoRT PhoNE Number, QuickBooks Help Desk PhoNE Number, QuickBooks SuPpoRT number, QUickBOokS SupPORT PHonE NumbER, QuickBooks1-800-615-0869 PhoNEnumber

  • An fascinating discussion is value comment. I believe that it is best to write more on this matter, it won’t be a taboo subject but typically persons are not sufficient to talk on such topics. To the next. Cheers

  • Interesting, I wonder what the statistics are on your first point there on homedecorated

  • Magnificent site. A lot of useful info here. I’m sending it to a few pals ans additionally sharing in delicious. And obviously, thanks to your sweat!

  • Never Ever give up: Even though you fail initially; Dont manage to get a great deal of views at first, do your self a favour, do not give up.

  • Woah! I’m really digging the template/theme of this blog. It’s simple, yet effective. A lot of times it’s very hard to get that “perfect balance” between user friendliness and visual appeal. I must say you’ve done a awesome job with this. Additionally, the blog loads super quick for me on Firefox. Superb Blog!|

  • QuickBooks Support Phone Number USA >>>>>>>>>>>>>>>> 1-844-722-6675 , 1.844<722<6675=@= QuiCKbOOksSupport Phone NumBER!@!!1-844-722-6675 @@! Quickbooks SuPpoRT 1-844-722-6675 QUickBOokS SupPORT PHonE NumbER USA!JEETôßPppu? 1 844 722 6675 Quickbooks SuPpoRT PhoNENumber..,O»G!!!!??ô US 1-844-722-6675 quickbooks help TELEPhoNE Number..,, !!!!??ôquickbooks help Number..,, !!!!??ôquickbooks SuPpoRT Number..,, quickbooks Number..,, quickbooks PhoNE Number..,, quickbooks TELEPhoNENumber.. 1-844-722-6675 ,, quickbooks 24 hourNumber..,, quickbooks customer SuPpoRT Number..,, QuickBooks tech SuPpoRTPhoNEnumber, Intuit QuickBooks Tech SuPpoRT PhoNE Number, QuickBooks Help Desk PhoNE Number, QuickBooks SuPpoRT number, QUickBOokS SupPORT PHonE NumbER, QuickBooks1-844-722-6675 PhoNEnumber, QuickBooks 1-844-722-6675 SuPpoRT number, QUickBOokS SupPORT/quickbooks-technical-support-number-1-844-722-6675- PHonENumbER. It is very popular toll free number which vide by QuickBooks SuPpoRT, QuickBooks Customer PhoNE Number, QuickBooks CustomerNumber, 1-844-722-6675 QuickBooks CustomerSuPpoRT PhoNE Number, QuickBooks Customer SuPpoRT Number,

  • Excellent beat ! I would like to apprentice while you amend your web site, how could i subscribe for a blog website? The account aided me a acceptable deal. I had been tiny bit acquainted of this your broadcast provided bright clear concept

  • Its like you read my mind! You appear to know a lot about this, like you wrote the book in it or something. I think that you can do with some pics to drive the message home a bit, but instead of that, this is excellent blog. A fantastic read. I will definitely be back.

  • Hello There. I discovered your weblog the use of msn. That is a very smartly written article. I’ll make sure to bookmark it and return to learn extra of your helpful info. Thanks for the post. I’ll certainly return.

  • download film terbaru sub indo has diamond like clarity and also in order for this to be striking you must use both that and.

Comments are closed.