Nigeria, Oct. 23 -- Nigeria's building boom, propelled by rapid urbanisation and infrastructure development, laid the groundwork for the 245.9 per cent boost in net profit for Lafarge Africa in the nine months to September.
An earnings release on Wednesday cited higher output and improved plant reliability among the key factors for the strong result.
"We closed 9M 2025 with net sales and operating profit up 63% and 129% respectively," CEO Lolu Alade-Akinyemi said in the document.
"Our 9M 2025 performance reaffirms our resilience, underpinned by sustained volume growth, operational excellence, innovative product offerings, and agile response to market opportunities," he stated further.
The cement maker, for which Chinese-based Huaxin C...
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