Ashaka Cement plc, a Nigeria-based cement maker, has announced a significant 218 per cent increase in its profit after tax to NGN3bn (US$19.4m) in 2010, from NGN944m.

The growth in profit-after-tax did not however reflect the drag in the company’s sales figures, which grew by 11.4 per cent to NGN19.15bn from NGN17.19bn. There was however a significant improvement in the company’s key performance indices.
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