Ashaka Cement 1Q14 profit after tax rise 69%

Ashaka Cement's 1Q 2014 results showed that profit before tax and profit after tax grew strongly by 74 and 69 per cent to NGN2.8bn (US$17.5m) and NGN1.9bn, respectively when compared to 1Q13, according to Nigerian Stock Exchange data. Sales were up by eight per cent to NGN6.5bn.