Earnings Flash | LAFARGE AFRICA PLC FY-2016

Earnings Flash | LAFARGE AFRICA PLC FY-2016 Results
Financial Highlights (N'Mn)
Headlines	FY- 2016	FY - 2015	Change
Revenue	219,714	267,234	-17.8%
Cost of sales	-179,052	-184,589	-3.0%
Gross Profit	40,662	82,645	-50.8%
Financial Income	3,675	1,950	88.5%
Financial Expenses	-15,504	-10,702	44.9%
Profit/Loss Before Tax	-22,182	29,287	-175.7%
Taxation	39,717	-2,124	-1970.0%
Profit/Loss After Tax	16,899	27,163	-37.8%
	FY- 2016	FY - 2015
Cash and cash equivalents	19,265	16,493	16.8%
Trade & Other Receivables	25,801	21,590	19.5%
Trade & Other Payables	100,808	75,012	34.4%
Net Assets	248,953	176,152	41.3%
Gross Margin	18.5%	30.9%	-12.4%
Net Margin	7.7%	10.2%	-2.5%
Cost to Sales	81.5%	69.1%	12.4%
Dividend (N)	1.05
Price(N)	37.8
Dividend Yield	2.8%
EPS(N)	3.1
BVPS (N)	45.6
P/E(x)	12.2
P/BV(x)	0.8
ROAE	8.0%