Nigeria’s Ashaka Cement 1H pre-tax profit rises

Nigeria’s Ashaka Cement 1H pre-tax profit rises
Published: 04 August 2010

Nigeria’s Ashaka Cement said on Tuesday pre-tax profit rose 41 per cent to NGN2.29bn in the first half of the year, despite falling in the first quarter.

Pre-tax profit in the first quarter dropped 17 percent to NGN1.31bn, the company said in a filing to the Nigerian Stock Exchange (NSE).

Turnover rose to NGN10.08bn in the first half from NGN8.95bn a year earlier, despite a slight fall year-on-year to NGN5.13bn in the first quarter.