Lafarge Africa, the Nigerian subsidiary of the national oil company, announced a 352% increase in its net profit for the first half of 2025.

The increase in Lafarge Africa's net profit is driven by a construction boom in Nigeria and a more stable exchange rate, according to information reported by Premium Times. Indeed, cement production recorded an after-tax profit of NGN 132.7 billion ($87 million), compared to NGN 29.4 billion ($19 million) in the same period last year. Revenue grew by 70% year-on-year to NGN 268.6 billion ($175 million), supported by a 75% increase in revenue to NGN 517 billion ($338 million), as improved factory reliability boosted production volumes. Pre-tax profit grew by 328.3% to NGN 199.7 billion ($130 million

A noté que Lafarge Africa declared an interim dividend of NGN 4 ($0.026) per share after an 837% increase of its profit in the first quarter, which allowed its share price to reach its highest level in 52 weeks. Over the past year, the share price has increased by 222%