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Lafarge proposes N1.20kobo final dividend as profit rises to N100bn
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Lafarge Africa Plc has proposed a final dividend of 120 kobo for the financial year ended December 31, 2024, following record sales growth of 72% to N697 billion and a 96% increase in Profit After Tax (PAT) to N100 billion. The dividend, subject to shareholder approval, will be paid on April 25 to eligible shareholders. The company also launched several new products, including Watershield Cement, Supa whyte plaster of Paris (POP), ECOPlanet cement, and Calcined Clay, to strengthen its commitment to sustainability. Lafarge Africa remains optimistic about the Nigerian infrastructure and construction sector's growth despite macroeconomic challenges.
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