Lafarge Cement Wapco shareholders see bright future, Nigeria

Shareholders of Lafarge Cement Wapco have said that the strategies board and management are have put place in recent times will stand the company in good stead.

The National Coordinator, Independent Shareholders Association of Nigeria (ISAN), Sir Sunny Nwosu, told local press during an investors' forum of the company, that investors were very happy with the progress the company had begun to make.

"Although it is very difficult to manage the number one position, we believe they are doing everything possible to maintain the standard and number one position. The shareholders are very happy with the achievements in the line of dividends.

"We are very happy with the progress being made in the company. The board and management are responsive to the advice given to them and this has helped. We believe that future will be very rosy," Nwosu said.

Lafarge Cement WAPCO had ended 2011 financial year with profit after tax of NGN8.5bn up from NGN4.9bn in 2010 and the directors have recommended a dividend of 75 kobo per share.

In addition, Lafarge Cement WAPCO Nigeria, Chief Olusegun Osunkeye, said the inauguration of Ewekoro II not only marked another significant company milestone, but also in the economic and industrial development of Nigeria and Africa as a continent. (Source: This Day/All Africa Global Media)