Cement News tagged under: Ashaka Cement Plc
Ashaka Cement pretax profit declines, Nigeria01 April 2014, Published under Cement NewsNigeria’s Ashaka Cement said its pretax profit fell last year to NGN2.84bn (US$17.2m) from NGN5.47bn in the last year. Turnover only slipped to NGN21.69bn from NGN21.82bn, the company said in a filing with the Nigerian Stock Exchange. |
Ashaka Cement appoints two new directors, Nigeria09 August 2013, Published under Cement NewsNigeria-based producer Ashaka Cement has announced the appointment of two new directors, the company said in a statement to the Nigerian Stock Exchange. The two new members are Lamido Abba Turkur and HRH Alhaji Abubakar Muhammad Kwairanga (Emir of Funakaye). 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 p... |
Nigeria: AshakaCem to boost cement capacity by 0.3Mta13 February 2012, Published under Cement NewsAshaka Cement Plc, a subsidiary of Lafarge Cement WAPCO Nigeria plc, says it is adding 300,000tpa in capacity and raising its total output potential to 1.3Mta. Alhaji Umaru Kwairanga, the company’s new chairman, said the company is being spurred by the expansion fever in the cement industry as most of the local producers are currently investing in capacity expansion to bridge the supply gap. “We have maintained our market share which is a little above 5% but with the growth of the mark... |