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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	595,917	405,503	373,245	293,086	230,573	212,999
Revenue Growth (YoY)	51.84%	8.64%	27.35%	27.11%	8.25%	-2.21%
Cost of Revenue	299,841	199,129	177,235	145,806	120,568	156,675
Gross Profit	296,077	206,374	196,010	147,280	110,005	56,324
Selling, General & Admin	132,983	103,210	110,216	76,185	62,360	20,903
Other Operating Expenses	1,566	1,512	1,466	1,536	1,260	35.55
Operating Expenses	134,731	104,691	112,114	77,746	63,600	20,912
Operating Income	161,346	101,683	83,896	69,534	46,405	35,412
Interest Expense	-1,080	-562.4	-766.86	-3,764	-7,860	-18,865
Interest & Investment Income	2,090	4,654	1,487	527.49	1,053	1,325
Earnings From Equity Investments	-	-	-	683.31	433.15	-
Currency Exchange Gain (Loss)	-33,075	-21,045	-13,129	1,186	-888.92	1,722
Other Non Operating Income (Expenses)	-16,641	-4,440	-1,767	-1,334	-573.51	-935.22
EBT Excluding Unusual Items	112,640	80,290	69,720	66,833	38,569	18,658
Gain (Loss) on Sale of Investments	-	-	-	133.92	-	-
Gain (Loss) on Sale of Assets	1,224	404.97	24.6	89.74	237.37	54.69
Asset Writedown	-	-	-	-4,802	-1,234	-820.67
Pretax Income	113,864	80,695	69,745	62,254	37,572	17,892
Income Tax Expense	41,952	29,554	16,097	11,251	6,730	2,374
Earnings From Continuing Operations	71,912	51,141	53,647	51,004	30,842	15,518
Earnings From Discontinued Operations	-	-	-	-	-	99,587
Net Income to Company	71,912	51,141	53,647	51,004	30,842	115,104
Net Income	71,912	51,141	53,647	51,004	30,842	115,104
Net Income to Common	71,912	51,141	53,647	51,004	30,842	115,104
Net Income Growth	49.65%	-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)	4.46	3.17	3.33	3.17	1.91	7.15
EPS (Diluted)	4.46	3.17	3.33	3.17	1.91	7.14
EPS Growth	49.51%	-4.80%	5.17%	65.78%	-73.26%	-
Free Cash Flow	29,536	109,408	77,461	50,041	53,800	74,448
Free Cash Flow Per Share	1.83	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	49.68%	50.89%	52.52%	50.25%	47.71%	26.44%
Operating Margin	27.08%	25.08%	22.48%	23.72%	20.13%	16.63%
Profit Margin	12.07%	12.61%	14.37%	17.40%	13.38%	54.04%
Free Cash Flow Margin	4.96%	26.98%	20.75%	17.07%	23.33%	34.95%
EBITDA	186,422	126,498	105,234	93,358	67,202	54,860
EBITDA Margin	31.28%	31.20%	28.19%	31.85%	29.15%	25.76%
D&A For EBITDA	25,077	24,815	21,338	23,824	20,797	19,448
EBIT	161,346	101,683	83,896	69,534	46,405	35,412
EBIT Margin	27.08%	25.08%	22.48%	23.72%	20.13%	16.63%
Effective Tax Rate	36.84%	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.