Results & Dividends

Lafarge Africa Maintained Outperform Rating in Q1 2020

Culled—Proshare June 3, 2020 by FBNQuest Research -25% cut to our 2020-21E EPS forecasts Lafarge Africa’s (Lafarge) Q1 2020 earnings of N8.1bn improved 215% y/y. The primary drivers were a -65% y/y decline in net finance charges following the firm’s deleveraging off its balance sheet via a N90bn rights issue […]