LAFARGE CEMENT WAPCO PLC YEAR END 2013 RESULT Lafarge Cement - TopicsExpress

LAFARGE CEMENT WAPCO PLC YEAR END 2013 RESULT Lafarge Cement Wapco Plc has just released its full result (audited) for 2013 financial year. Revenue grew by 12.3% to N98.8billion Gross profit rose by 18.9% to N38.8billion, following a marginal increase (8.4%) in cost of sales to N58billion Operating expenses surged by 20.9% to N7.5billion Financial charges reduced by 29.6% to N3.8billion on the back of a considerable cut (37.5%) in financial liabilities Profit before tax rose by 30.3% to N27.7billion while post-tax profit rose higher by 92.14% to N28.3billion, on the back of some possible tax write-backs. The Board has proposed a final dividend of N3.30, 175% higher than the amount paid in 2012 and also translates to a yield of 3% on yesterdays closing value.

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