₦airaland Forum

Na Buhari

why they make loss in other climate is because they can't falsify their account statement there unlike in Nigeria

RMU:
What they published is for Africa, they should unfold the 2017 profit and lost account for Nigeria.
Most of this international company make huge profit from Nigeria and use it to finance other lost making country like SA

Nairalanders, as much as I am not a buhari fan, I still need to tell us the truth. Indeed, most of you have neglected wisdom for folly. And this you do whenever anything that concerns Nigeria is mentioned. That, instead of you bringing wisdom to bear and analyzing issues as objective as you should, what you only do is to engage in unwise talks and name callings.

I don't know, perhaps I should say most of you never read the the post or it's beyond your levels of reasoning. The loss, according to Lafarge, came from South Africa; and they even confirmed that it was the favourable pricing (and eventual profit they made) in Nigeria that gave their account a facelift. So why the name callings on the president?

sammyscholar:
Nairalanders, as much as I am not a buhari fan, I still need to tell us the truth. Indeed, most of you have neglected wisdom for folly. And this you do whenever anything that concerns Nigeria is mentioned. That, instead of you bringing wisdom to bear and analyzing issues as objective as you should, what you only do is to engage in unwise talks and name callings.

I don't know, perhaps I should say most of you never read the the post or it's beyond your levels of reasoning. The loss, according to Lafarge, came from South Africa; and they even confirmed that it was the favourable pricing (and eventual profit they made) in Nigeria that gave their account a facelift. So why the name callings on the president?

Am 100% sure those fools calling buhari's name didn't read the post


Bunch of bittered souls!!

sweetval:
And one daura man God will help me to punish wants to stay for another 4 years.

Did you read the report at all? It appears that the quest for those seven meagre likes, did a lot of damage to your IQ.

Paying dividend at this point is totally uncalled for...45kobo more than previously paid is an injury o.


May God replenish the company's purse, I have always loved this coy.

Germandude:
Lafarge is a French owned company. Make dem close the Nigerian branch and continue operations in other African nations.

Dem go die be that. Anyways read the full report, it will improve your libido and ejeculation time.

ChangetheChange:


BUHARI is a monumental disaster

Pfffft. Larfage said Sai Buhari otherwise they would be bankrupt, you are here gisticulating in Greek.

Ademat7:
why they make loss in other climate is because they can't falsify their account statement there unlike in Nigeria

ipob swine...... we know they won't b happy with this news

wristbangle:
People will not read this article to know that it's their south Africa wing that contributed to the huge loss more for lafarge group.

You dey mind mumu people?

mumu,gbogbo eniyan ko ni igbo maa lo brain e

ultron12345:
ipob swine...... we know they won't b happy with this news

sammyscholar:
Nairalanders, as much as I am not a buhari fan, I still need to tell us the truth. Indeed, most of you have neglected wisdom for folly. And this you do whenever anything that concerns Nigeria is mentioned. That, instead of you bringing wisdom to bear and analyzing issues as objective as you should, what you only do is to engage in unwise talks and name callings.

I don't know, perhaps I should say most of you never read the the post or it's beyond your levels of reasoning. The loss, according to Lafarge, came from South Africa; and they even confirmed that it was the favourable pricing (and eventual profit they made) in Nigeria that gave their account a facelift. So why the name callings on the president?

A breath of fresh air. I was shocked reading majority of the response, which shows the never read it or lack comprehension.

Unfortunately, it is exactly this approach that produced Buhari and will surely replace him with another "Buarilike" fellow if the masses cannot decipher or objectively look at issues.

skallion7:
Am 100% sure those fools calling buhari's name didn't read the post


Bunch of bittered souls!!

A lot of them don't bother to read because they ARE PAID (yes that is correct) to litter social media with insults on Buhari, whether or not he has done well
Infact they always pray for bad things to happen to the country because the need to insult outweigh the joy felt by Nigerians when good things happen

Even the people gloating and celebrating that Lafarge made more profit in Nigeria are ignorant too,Lafarge made more profits in Nigeria because of high price of cement in Nigeria compared to SA and some other African countries.They (with other cement manufacturers) are making things difficult for Nigerians and they are celebrating.This is the reason why Dangote cement makes more profit than Lafarge which is the largest cement manufacurer in the world. Their (Dangote cement) profits regularly exceed 50% of their revenue,no reputable company anywhere,makes such profit.

What else is remaining for buhari to destory?

ultron12345:
FYI.....the Nigerian branch was highly profitable, that loss ur seeing there was from their South African subsidiary which covered up their profits in other countries.

By ur logic, they should rather close down the South African subsidiary and focus more on their Nigerian business....... cuz it seems Nigeria is a better place for business.

I know u are disappointed sir and won't like this news. I am so, so sorry.

There is no indication in the report to the fact that their Nigerian subsidiary was 'highly profitable' as you allege. They spoke of better margins due to cost cutting on alternative fuels. That is not necessarily profit when you have a large unsold inventory because infrastructure projects you anticipated did not materialise such as the Calabar 'superhighway' which within the catchment area of their Calabar plant.

Cement sales tie in closely with infrastructure. Engineering companies did not do well last year due to the poor economy. You don't expect material manufacturers and vendors to be insulated from that.

Energy cost is one problem with many manufacturing problem in Nigeria. However, we have got a solution to this problem at CA.

Reference:
There is no indication in the report to the fact that their Nigerian subsidiary was 'highly profitable' as you allege. They spoke of better margins due to cost cutting on alternative fuels. That is not necessarily profit when you have a large unsold inventory because infrastructure projects you anticipated did not materialise such as the Calabar 'superhighway' which within the catchment area of their Calabar plant.

Cement sales tie in closely with infrastructure. Engineering companies did not do well last year due to the poor economy. You don't expect material manufacturers and vendors to be insulated from that.

Oga, check their recently released financial statements. You will see that the Nigerian segment was highly profitable for the year (profit before tax not net margin).

Reference:
There is no indication in the report to the fact that their Nigerian subsidiary was 'highly profitable' as you allege. They spoke of better margins due to cost cutting on alternative fuels. That is not necessarily profit when you have a large unsold inventory because infrastructure projects you anticipated did not materialise such as the Calabar 'superhighway' which within the catchment area of their Calabar plant.

Cement sales tie in closely with infrastructure. Engineering companies did not do well last year due to the poor economy. You don't expect material manufacturers and vendors to be insulated from that.

enemy of progress....... I suggest u get a copy of their annual report and free yourself from this ignorance. Their Nigerian subsidiary was profitable.

na under bridge you de sleep
or thatched hut

SamuelAnyawu:
Unfavourable Economy


Person Never Chop Food na Cement to Build House him wan buy?

CriticMaestro:
That cement good sef?
We have more than 5 cement companies in this country and none of them want to reduce the price

you cannot sell below cost of production
cost of diesel come down?
cost of trailer nko
cost of shop
bad road spoiling trucks
cost of labour nkoabi will you dig limestone for free

amjustme2:
While their massive loss came from SA , 2017 was a turbulent year for most businesses in Nigeria.

while some mumu sa pipu will come here and be running dia mouth

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