Benue Cement posts N27bn turnover
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. Published under Cement News
