LAFARGE Africa Plc, for the first quarter of 2018, has recorded net sales of N81 billion. Despite sales slightly lower than the corresponding period in 2017 by one percent due to volume in Nigeria and South Africa, the company has projected a turnaround for the first half, having considered the fundamentals. The Lafarge Africa CEO said the South African operations are more stable following turnaround measures like price adjustment and cost reduction initiatives. “For South Africa, the economy is expected to grow in 2018. Our Business turnaround actions will be consolidated further in 2018 through energy optimisation as well as commercial and logistic improvement

Source: Nigerian Tribune May 07, 2018 15:22 UTC