Lafarge Africa Nigeria

LAGOS, Nigeria, Capital Markets in Africa — Lafarge Africa Plc (“Lafarge” or “The Group”) released its FY:2015 result last Thursday, 17th March 2016. The result, which is a consolidated account incorporating its new subsidiary – The United Cement Company of Nigeria Ltd (UNICEM) – showed a 2.5% growth in top-line and PBT (from continuing operations) fell 27.5% Y-o-Y to N267.2bn and N29.3bn respectively. Turnover, excluding UNICEM, was up 3.5% Y-o-Y relative to our forecast of…