Benue Cement posts N27bn turnover

Benue Cement posts N27bn turnover
Published: 11 November 2009

Benue Cement Company (BCC) Plc has recorded a turnover of N27.23bn (US$177m) in its third quarter results ended September 2009.

It  posted a Profit After Tax (PAT) of N12.97 billion for the year under review. The company’s performance in third quarter was stifled by the limited supply of LPFO, its key energy input

BCC, however, noted that LPFO supply to its Kilns has normalized and on this, expects fourth quarter performance to be more favorable relative to previous quarters

The company’s Profit Before Tax ( PBT) margin dropped to 47.63 per cent from 48.74 per cent  in third quarter 2008, while PAT margin rose to 47.63 per cent from 42.73 per cent  respectively in third quarter 2008.