Nigeria’s second-largest cement maker, Lafarge Africa Plc sad its net profit for the first six months of the year fell to N3 billion.
The result showed a major decline given that the company reported a net profit of N19 billion last year.
It is a fact that Lafarge’s fortune had waned in the last 24 months.
Total revenue for the period rose N162 billion compared to N154 billion recorded same period last year.
Lafarge directly competes with Dangote Cement Plc, BUA and Ibeto in Africa’s largest economy.