A sub – Saharan Africa building solutions company and member of Holcim, Lafarge Africa Plc., has attributed its growth to improved real estate investments and government’s infrastructure spending.
Adefioye hinged the company’s success on the rising demand for cement as building and construction activities picked up nationwide. “The positive impact of increased net sales, moderated cost of sales, selling, distribution and administrative expenses amidst inflation and devaluation pressures resulted in improved margins recorded for the year.
Adefioye, while thanking the Shareholders for their support over the years, said that the dividend pay-out was a worthy return on their investments, assured them of the final dividend payment to shareholders, whose names appear in the register of members as at April 1, 2022 and who had completed the e-dividend registration and mandated the registrar to pay their dividends directly into their bank accounts.
He noted that the company’s performance has once again shown the tenacity of the board, management and employees in achieving the overall goal of creating value for its stakeholders.