The market’s declining performance was driven by sell-offs in telecommunications heavyweights.
“We have been in Nigeria for more than 77 years and while it has been challenging in recent times for many Nigerian businesses,” said the brewery.
As of December 31, 2023, the company was engaged in several litigation “in the normal course of business.”
Lafarge Africa Plc says its profit after tax (PAT) for the 2023 financial year declined by 4.7 per cent.
The company however grew its revenue by nine per cent to N599 billion.
The All Share Index (ASI) decreased by 8.83 points, representing a decline of 0.02 per cent to close at 51,944.58 from 51,953.41 on Wednesday.
A total of 154.63 million shares valued at N5.51 billion were exchanged in 3,095 deals.
A total of 100.82 million shares valued at N1.14 billion were exchanged in 2,440 deals.
Market capitalisation gained N17 billion to close at N28.681 trillion in contrast with N28.664 trillion on Thursday.
Following the regulatory restrictions on new SIM sales and activation, MTN Nigeria now has 70.2 million.
