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Lafarge Africa profit growth hits 246% in Q3 2025

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Lafarge Africa profit growth

Lafarge Africa profit growth hits 246% in Q3 2025 as higher sales, efficiency, and currency stability boost performance

Lafarge Africa profit growth surged by an impressive 246 per cent in the third quarter of 2025, underscoring the company’s strong momentum across key performance indicators.

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According to its unaudited financial statements for the nine-month period ended 30 September 2025, the cement maker recorded a net profit of ₦207.78 billion, compared with ₦60.08 billion in the corresponding period of 2024.

Total revenue grew by 63 per cent, from ₦479.49 billion to ₦780.48 billion, while cost of sales rose from ₦241.73 billion to ₦324.36 billion.

Administrative and selling expenses increased by 48 per cent, reaching ₦162.03 billion.

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Chief Executive Officer Lolu Alade-Akinyemi said the results reflected higher sales volumes, improved operational efficiency, and enhanced currency stability.

“For the nine-month period, net sales and operating profit grew by 63 per cent and 129 per cent, respectively. These results reaffirm Lafarge Africa’s resilience, supported by sustained volume growth, efficiency gains, innovative products, and a relatively stable operating environment,” he said.

The company reported a 43 per cent rise in sales and a 107 per cent increase in operating profit within the three months ended September 2025, alongside a ₦75 billion net profit after tax.

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Alade-Akinyemi credited the firm’s collaboration with Huaxin Cement Group for strengthening technical expertise and operational reliability.

He added that Lafarge Africa remained optimistic about future performance, projecting sustained growth in the building materials segment through year-end.

The CEO reaffirmed the company’s commitment to sustainability, noting plans to deepen its investment in alternative fuel, Ecocrete, and Ecopanet solutions to drive green growth across the Nigerian cement industry.

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“Our focus remains on seizing emerging opportunities, driving sustainable growth, and delivering long-term value to all stakeholders,” he added, while appreciating shareholders, partners, and employees for their continued confidence.

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Lafarge Africa operates cement plants in Ewekoro and Sagamu (Ogun State), Ashaka (Gombe State), and Mfamosing (Cross River State), as well as Ready-Mix operations in Lagos, Abuja, and Port Harcourt.

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Mbappe Apologises Over Mao Zedong Comment as Chinese Brands End Deals

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Mbappe Mao Zedong comment sparks backlash in China, prompting an apology from the Real Madrid star and the termination of two brand partnerships

Real Madrid forward Kylian Mbappe has apologised over an “ill-judged” comment about former Chinese leader Mao Zedong after Chinese drinks manufacturer Dongpeng Beverage and dairy producer Mengniu terminated their partnerships with the French football star.

Also read: Police Confirm Three Killed, Inspector Injured in Kebbi Violence

Mbappe, who captains France’s national team, issued the apology on his X account on Tuesday, acknowledging that his remarks had upset people in China and Chinese communities worldwide.

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“My comment was ill-judged, and I now understand that it hurt many people in China and in Chinese communities around the world. I apologise to everyone my words have upset,” he said.

The controversy followed the circulation of a video in which the 27-year-old footballer reacted to an internet meme featuring his face superimposed on that of a Chinese leader.

He reportedly described it as the funniest meme he had seen and referred to the figure as “some guy — I think he’s a Chinese dictator”, in an apparent reference to Mao.

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Dongpeng Beverage announced on Tuesday that it was ending its partnership with Mbappe, citing its opposition to comments considered offensive to Chinese national sentiment.

“Our company firmly opposes and has a zero-tolerance policy towards any behaviour that offends national sentiments,” the company said.

“With immediate effect, we are terminating all cooperation with Kylian Mbappe,” it added.

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Mengniu, one of China’s largest dairy producers, also announced that it was ending its partnership with the Real Madrid forward.

“With immediate effect, our company is terminating all cooperation with Kylian Mbappe,” the company said, adding that it maintained a zero-tolerance policy towards words or actions that hurt the feelings of the Chinese people.

The announcements generated widespread discussion on Chinese social media platform Weibo, where Dongpeng’s decision to end its partnership with the footballer became a trending topic.

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Mao, who led the Chinese Communist Party and died in 1976, remains a highly sensitive historical and political figure in China.

Comments perceived as disrespectful towards him can provoke strong public reactions.

Mbappe had previously addressed memes comparing him to historical dictators in an interview with French sports newspaper L’Equipe in September.

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“There’s a part of it that’s funny. You can tell that, for some people, it’s all in good fun. But there is another part that’s a bit less funny because of the damage such people have caused throughout history,” he said.

He added that being compared with individuals responsible for mass killings and widespread suffering was uncomfortable.

“Being compared to individuals who murder others, or who have brought misery to millions upon millions of people — well, I don’t think I’ve ever done anything like that in my life,” Mbappe said.

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International sports figures have previously faced commercial and public backlash in China over politically sensitive comments concerning Taiwan, Tibet and Hong Kong.

In 2019, a social media post by then-Houston Rockets general manager Daryl Morey expressing support for pro-democracy protesters in Hong Kong prompted Chinese authorities and businesses to suspend NBA-related activities.

NBA games were subsequently absent from Chinese state television broadcasts for about a year.

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In 2023, former NBA player Dwight Howard also faced criticism on Chinese social media after referring to Taiwan as a country in a video featuring Taiwan’s then vice president, Lai Ching-te.

Also read: Police Confirm Three Killed, Inspector Injured in Kebbi Violence

Mbappe’s apology comes amid the fallout from the latest controversy and the decisions by Dongpeng Beverage and Mengniu to end their commercial relationships with the footballer.

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