Equity Analysis /

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)

    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.