Nigeria: Lafarge WAPCO reports 30% fall in pre-tax profit

Nigeria: Lafarge WAPCO reports 30% fall in pre-tax profit
Published: 12 March 2010

Lafarge Cement WAPCO  said on Thursday its 2009 pre-tax profit fell 30 per cent to NGN8.96bn (US$59.5m) from the previous year.

Turnover rose 5.4 per cent to NGN45.59bn against the same period of the previous year, the company said in a filing to the Nigerian Stock Exchange.

It proposed a dividend of 10 kobo per share.