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Lafarge Africa Plc: Ridding on tax write-back to profit

WE begin a review of First Half 2017 (H1’17) corporate scorecards with some form of spotlights on some select companies.
Lafarge Africa Plc which announced a second quarter 2017 (Q2’17) result last week, has excited investors amidst its controversial recapitalisation program. Revenue grew by 33.8 per cent Year-on-Year (YoY) while net profit was N14.57 billion, moving sharply from a loss of N28.37 billion same period of last year. Compared to Q1’17, however, revenue and profit before tax (PBT) were down 9.6 per cent and 7.7 per cent respectively.

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