By BANNERNEWS Reporter, Calabar
Lafarge Africa Plc has posted a profit after tax of N97.95 billion for the first quarter of the 2026 financial year, representing a 101 per cent increase from N48.64 billion recorded in the corresponding period of 2025.
The company’s unaudited financial results also show that net sales rose to N334.88 billion in Q1 2026, marking a 35 per cent increase compared to N248.35 billion reported in the same period last year.
Operating profit climbed to N141 billion within the review period, reflecting a 97 per cent year-on-year increase.
The performance indicates strong growth in both revenue and profitability, with the company attributing the results largely to improved sales volumes and cost management measures.
Analysis of the figures suggests that increased demand within Nigeria’s construction and infrastructure sectors contributed significantly to the revenue growth recorded in the quarter.
The company also reported improved operational efficiency, supported by enhanced plant performance and distribution networks.
Industry observers note that the performance comes amid gradual easing of macroeconomic pressures and stabilisation in supply chains, which have impacted manufacturing costs in recent periods.
Huaxin Building Materials Ltd remains a technical partner to the firm, with ongoing collaboration aimed at improving operational efficiency.
The company indicated that it would continue to focus on cost control, operational efficiency, and market expansion in the coming quarters.
It added that demand in the construction sector is expected to remain a key driver of growth, supported by ongoing infrastructure development across the country.
Lafarge Africa operates in Nigeria’s cement manufacturing sector, producing cement, ready-mix concrete, mortar, and other building materials.
