Lafarge Africa in its H1 2017 financials had revenue grow by 44% to N155bn, cost of sales was up 20% hence gross profit jumped by 194% to N44bn. Gains from other operating activities led to an operating profit of N28bn, this together with a 39% decline in finance cost translated to a 160% rise in pre-tax profit to N18bn, while after-tax profit improved by 165% to N20bn.
The company's statement of financial position showed fixed asset rose by 4% to N404bn, while total assets grew by 21% to N607bn. Its financial liabilities rose by 98% to N207bn, while total liabilities grew 65% to N418bn. Net assets slipped by 24%, while working capital remained negative. See details of the result below.
| Income Statement | H1 2017 | H1 2016 | % Change |
| Revenue (mn) | 154,840 | 107,365 | 44% |
| Cost of Sales (mn) | 110,390 | 92,225 | 20% |
| Gross Profit (mn) | 44,450 | 15,140 | 194% |
| Operating expense (mn) | 18,576 | 12,217 | 52% |
| Other Gains & Losses (mn) | 2,244 | (28,544) | 108% |
| Operating Profit/Loss (mn) | 28,118 | (25,621) | 210% |
| Finance Cost (mn) | 604 | 994 | -39% |
| PBT (mn) | 18,160 | (30,184) | 160% |
| Income Tax/Credit (mn) | 1,572 | (62) | -2635% |
| PAT (mn) | 19,732 | (30,246) | 165% |
| Balance Sheet | H1 2017 | FY 2016 | % Change |
| Fixed Assets (mn) | 404,382 | 390,489 | 4% |
| Total Assets (mn) | 607,491 | 502,491 | 21% |
| Financial Liabilities (mn) | 207,452 | 104,535 | 98% |
| Cash & Bank Balances | 25,111 | 19,265 | 30% |
| Total Liabilities (mn) | 417,573 | 253,538 | 65% |
| Net Assets (mn) | 189,918 | 248,953 | -23.7% |
| Working Capital (mn) | (176,693) | (77,643) | 128% |
No comments:
Post a Comment