Lafarge Africa declares N1 interim dividend, grows Q3 2021 profit by 43.26%

Lafarge Africa Plc (WAPCO) has declared an interim dividend of N1 to its shareholders for the period ended 30 September 2021.

The Cement manufacturer achieved year on year growth in its top line and bottom line figures for the period under review.

A turnover of N219.198 billion was reported for the nine months period, up by 21.86% from N179.877 billion reported the previous year.

Profit after tax grew year on year by 43.26% to N40.395 billion from N28.196 billion declared in Q3 2020.

Earnings per share of the group increased to N2.51 from the EPS of N1.75 declared in Q3 2020.

At the share price of N25.60, the PE. Ratio of Lafarge Africa stands at 10.21x with earnings yield of 9.80%.

An interim dividend of N1.00 per 50 Kobo ordinary share was announced by the Group, payable from the pioneer profits will be paid to shareholders whose names appear in the Register of Members as at the close of business on 10th November, 2021.

The Register of Shareholders will be closed from 11th November, 2021 to 17th November, 2021 (both dates inclusive).

On the 19th of November 2021, dividends will be paid electronically to shareholders whose names appear in the Register of Members as at 10th November, 2021, and who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their Bank accounts.

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