Lafarge Africa’s 2024 revenue is on track to be the highest in the past ten years

Known for its Elephant Cement brand, Lafarge Africa is on its way to reaching its highest annual revenue in the past decade, with its 2024 9-month revenue outperforming full-year revenues for 2023.

Source:

Lafarge Africa Annual Reports

Period:

2014-2024
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Cadbury Nigeria Plc’s total assets expanded by 152%, from ₦28.8 billion in 2019 to ₦72.4 billion in 2024
Key takeaways:
  • Cadbury Nigeria's total assets increased by 155%, from ₦28.4 billion in 2015 to ₦72.4 billion in 2024.
  • Assets remained relatively stable between 2015 and 2019, hovering around ₦28 billion.
  • Despite recent financial challenges, Cadbury Nigeria's asset base has more than doubled in the last decade.
  • Significant expansion began in 2020, with continued steady growth through 2024.
Cadbury Nigeria Plc recorded losses in 2023 and 2024 despite a 265% growth rate in revenue from 2020 to 2024
Key takeaways:
  • Revenue grew impressively from ₦27.8 billion in 2015 to ₦129.2 billion in 2024, a 364% increase.
  • The company recorded profitable years between 2017 and 2022, peaking at ₦1.15 billion profit in 2015.
  • From 2015 to 2019, the company maintained consistent single-digit growth, averaging 9% each year.
  • The revenue more than tripled between 2020 and 2024, reaching ₦129 billion in 2024.
  • Losses were recorded in 2016, 2023, and 2024.
  • Despite revenue more than doubling between 2022 and 2024, profitability reduced dramatically.
Okomu Oil Palm Company experienced a revenue increase of 73%, with profits rising by 62% in 2024 compared to the prior year
Key Takeaways:
  • Okomu Oil Palm Company's revenue expanded by 1,236%, from ₦9.74 billion in 2015 to ₦130.06 billion in 2024.
  • Profit after tax saw a substantial increase of 1,189%, from ₦2.66 billion in 2015 to ₦34.27 billion in 2024.
  • The most significant profit growth took place between 2021 and 2024, with profit almost tripling during this timeframe.
  • Although there have been some variations in profit margins, the company has consistently realised growth annually.
  • The figures for revenue and profit reached their peak in 2024.
  • The disparity between revenue and profit after tax in 2024 is significantly greater than in earlier years.
In 2024, Dangote Sugar Refinery experienced a year-on-year revenue growth of 51%
Key Takeaways:
  • Dangote Sugar Refinery saw impressive growth rates of 68% in 2016 and 51% in 2024, marking periods of considerable expansion.
  • The company’s revenue rose from ₦101.06 billion in 2015 to ₦665.69 billion in 2024.
  • There were notable year-on-year fluctuations, with growth rates varying from -26% to 68%.
  • The period from 2020 to 2024 indicated particularly strong performance, featuring consistent positive growth.
  • The highest revenue allocation for the company was noted in 2024.
The gross profit of BUA Foods Plc increased by 64% from Q1 2024 to Q4 2024
Key takeaways:
  • In 2024, BUA Foods hit new heights, with gross profit for Q4 surpassing ₦189 billion.
  • A remarkable surge occurred in 2024, with quarterly gross profits regularly exceeding ₦100 billion.
  • The fourth quarter of 2024 marked a significant peak, illustrating a 200% increase from Q4 2023.
  • BUA Foods' gross profit dramatically climbed from approximately ₦25 billion in 2021 to nearly ₦190 billion in Q4 2024.
During the period, Nestlé Nigeria Plc's dividends peaked in 2020, reflecting an approximately 10% increase from the prior year​
Key Takeaways:
  • Nestlé’s dividends increase year after year was highest in 2018 and 2019 at ₦17.83 billion and ₦12.68 billion, respectively.
  • The declared dividends reached a peak of ₦55.49 billion in 2020, while the lowest was recorded at ₦15.06 billion in 2016.
  • In recent years, Nestlé Nigeria Plc has shown a declining trend in declared dividends.
  • Dividends decreased by nearly 14%, 17%, and 28% in 2021, 2022, and 2023, respectively, compared to the previous years.
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