This reflects a 93.27% year-over-year increase compared to the N78.7 billion reported in the prior year, amid a significant surge in revenue.
The group recorded a revenue increase of 71.83%, rising from N405.5 billion in the previous year to N696.7 billion in FY 2024.
Cement sales constituted 97% of the total revenue for the year, while Ready Mix and other products accounted for the remaining share.
Additionally, the group’s total assets increased to N990.5 billion, representing a 45.37% rise from the N681.3 billion reported for the full year of 2023.
Lafarge also declared a final dividend of 120 kobo per unit of 50 kobo ordinary share, subject to shareholders’ approval and appropriate withholding tax deduction.
This dividend will be payable to shareholders whose names are in the Register of Members as of the close of business on Friday, 28th March 2025.
