Equity Analysis /
Nigeria

Lafarge Africa: LAFARGE AFRICA: H1 17 results – earnings recover from a weak base, but volume weakness persists

    Olabisi Ayodeji
    Olabisi Ayodeji

    Equity Research Analyst, Banks (Africa)

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    Tellimer Research
    26 July 2017
    Published byTellimer Research
    Lafarge Africa reported its H1 17 results last week and hosted its earnings call yesterday. EPS for the period was NGN3.68 (vs a loss per share of NGN5.54 in H1 16). This implies EPS of NGN2.76 in Q2 17 vs a loss per share of NGN5.40 in Q2 16, and EPS of NGN0.92 in Q1 17.