Ashaka Cement reported a 54.4 per cent decline in first-half 2013 pretax profit to NGN1.65bn (US$10.3m) from NGN3.55bn a year ago.
Turnover also fell to NGN11.81bn during the six months to June 30, compared to NGN12.26bn in the same period of last year.
Askaka Cement, in which Lafarge holds a 59 per cent interest having increased this from 50 per cent last year. Is located in the northeastern state of Gombe. The firm owns a plant with a capacity of 0.85Mta and has initiated a programme to increase this to 1.2Mta by kiln improvements.

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