Benue Cement of Nigeria full-year profit drops

Benue Cement of Nigeria full-year profit drops
Published: 31 March 2008

Benue Cement Co Plc, Nigeria said full-year profit slumped 59 per cent on lower sales.

Net income fell to 1.25 billion naira (US$10.68m), from 3.10 billion naira a year earlier, the Gboko-based company said today in a statement on the website of the Nigerian Stock Exchange.

Sales declined eight per cent to 5.5 billion naira.