Lafarge Africa Plc (NGX: WAPCO)

Lafarge Africa Income Statement

Financials in millions NGN. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	503,397	405,503	373,245	293,086	230,573	212,999
Revenue Growth (YoY)	30.98%	8.64%	27.35%	27.11%	8.25%	-2.21%
Cost of Revenue	252,782	199,129	177,235	145,806	120,568	156,675
Gross Profit	250,615	206,374	196,010	147,280	110,005	56,324
Selling, General & Admin	122,651	103,210	110,216	76,185	62,360	20,903
Other Operating Expenses	128.4	1,512	1,466	1,536	1,260	35.55
Operating Expenses	122,718	104,691	112,114	77,746	63,600	20,912
Operating Income	127,897	101,683	83,896	69,534	46,405	35,412
Interest Expense	-317.08	-562.4	-766.86	-3,764	-7,860	-18,865
Interest & Investment Income	3,530	4,654	1,487	527.49	1,053	1,325
Earnings From Equity Investments	-	-	-	683.31	433.15	-
Currency Exchange Gain (Loss)	-43,238	-21,045	-13,129	1,186	-888.92	1,722
Other Non Operating Income (Expenses)	-16,594	-4,440	-1,767	-1,334	-573.51	-935.22
EBT Excluding Unusual Items	71,278	80,290	69,720	66,833	38,569	18,658
Gain (Loss) on Sale of Investments	-	-	-	133.92	-	-
Gain (Loss) on Sale of Assets	730.91	404.97	24.6	89.74	237.37	54.69
Asset Writedown	-	-	-	-4,802	-1,234	-820.67
Pretax Income	72,009	80,695	69,745	62,254	37,572	17,892
Income Tax Expense	26,996	29,554	16,097	11,251	6,730	2,374
Earnings From Continuing Operations	45,012	51,141	53,647	51,004	30,842	15,518
Earnings From Discontinued Operations	-	-	-	-	-	99,587
Net Income to Company	45,012	51,141	53,647	51,004	30,842	115,104
Net Income	45,012	51,141	53,647	51,004	30,842	115,104
Net Income to Common	45,012	51,141	53,647	51,004	30,842	115,104
Net Income Growth	-12.96%	-4.67%	5.18%	65.37%	-73.21%	-
Shares Outstanding (Basic)	16,108	16,108	16,108	16,108	16,108	16,108
Shares Outstanding (Diluted)	16,108	16,108	16,108	16,108	16,108	16,108
Shares Change (YoY)	-	-	-	-	-	85.71%
EPS (Basic)	2.79	3.17	3.33	3.17	1.91	7.15
EPS (Diluted)	2.79	3.17	3.33	3.17	1.91	7.14
EPS Growth	-13.10%	-4.80%	5.17%	65.78%	-73.26%	-
Free Cash Flow	18,366	109,408	77,461	50,041	53,800	74,448
Free Cash Flow Per Share	1.14	6.79	4.81	3.11	3.34	4.62
Dividend Per Share	1.900	1.900	2.000	2.000	1.000	1.000
Dividend Growth	-5.00%	-5.00%	0%	100.00%	0%	-
Gross Margin	49.78%	50.89%	52.52%	50.25%	47.71%	26.44%
Operating Margin	25.41%	25.08%	22.48%	23.72%	20.13%	16.63%
Profit Margin	8.94%	12.61%	14.37%	17.40%	13.38%	54.04%
Free Cash Flow Margin	3.65%	26.98%	20.75%	17.07%	23.33%	34.95%
EBITDA	152,289	126,498	105,234	93,358	67,202	54,860
EBITDA Margin	30.25%	31.20%	28.19%	31.85%	29.15%	25.76%
D&A For EBITDA	24,392	24,815	21,338	23,824	20,797	19,448
EBIT	127,897	101,683	83,896	69,534	46,405	35,412
EBIT Margin	25.41%	25.08%	22.48%	23.72%	20.13%	16.63%
Effective Tax Rate	37.49%	36.62%	23.08%	18.07%	17.91%	13.27%
Advertising Expenses	-	1,661	1,714	1,038	780.79	2,022

Source: S&P Capital IQ. Standard template. Financial Sources.