Lafarge Africa CFO Bruno Bayet on the decision to divest from Lafarge SA

PUBLISHED: Fri, 21 Jun 2019 13:37:37 GMT

Lafarge Africa says the strategic decision to divest from Lafarge South Africa Holdings will enable the company to boost its cash flow and net income and focus on its operations in Nigeria. The Cement maker recorded a full-year loss before tax of 19.5 billion naira, while first-quarter Profit After Tax came in at 3.14 billion naira. Bruno Bayet, Chief Financial Officer of Lafarge Africa joins CNBC Africa to break down the numbers.

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