BUSINESSVIU : Pricing, Cost Saving Measures Kept Lafarge's Sales Up
By Motionviu
Lafarge Africa Plc
The year ended December 31, 2017, Lafarge Africa Plc has achieved 36 per cent rise in net.
The Chief Executive Officer of the company, Michel Puchercos in a statement, attributed the strong margins in the business to cost initiatives and more favorable pricing, saying the company’s industrial operations in 2017 were stable with plants operating at high reliability levels.
He also noted that the energy optimisation plan for the company has been successful with increased use of Alternative Fuel and Coal to offset gas shortages in operations in the West while plant operations in the eastern and northern part of the country relied mainly on gas and coal.
The overall goal is to create value for shareholders through an attractive growth profile and good margins.
“A detailed review of key projects in Nigeria such as the Road in Calabar and of mothballed assets in led to an impairment.
The combination of these impairments and the net. he added.
Furthermore, Puchercos explained its business turnaround actions will be consolidated further in 2018 through energy optimisation as well as commercial and logistic improvement.
He added that the firm would implement a continuous improvement programme that would enhance its profitability margins above the 35 per cent benchmark.
Lafarge Africa Plc
The year ended December 31, 2017, Lafarge Africa Plc has achieved 36 per cent rise in net.
The Chief Executive Officer of the company, Michel Puchercos in a statement, attributed the strong margins in the business to cost initiatives and more favorable pricing, saying the company’s industrial operations in 2017 were stable with plants operating at high reliability levels.
He also noted that the energy optimisation plan for the company has been successful with increased use of Alternative Fuel and Coal to offset gas shortages in operations in the West while plant operations in the eastern and northern part of the country relied mainly on gas and coal.
The overall goal is to create value for shareholders through an attractive growth profile and good margins.
“A detailed review of key projects in Nigeria such as the Road in Calabar and of mothballed assets in led to an impairment.
The combination of these impairments and the net. he added.
Furthermore, Puchercos explained its business turnaround actions will be consolidated further in 2018 through energy optimisation as well as commercial and logistic improvement.
He added that the firm would implement a continuous improvement programme that would enhance its profitability margins above the 35 per cent benchmark.
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