Ashaka Cement stake changes hands
Lafarge Group has sold 58.61 per cent of its stakes in Ashaka Cement Plc to Lafarge Africa Plc in a deal valued at NGN41bn (US$252m).
Ashaka Cement
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Nigeria: Ashaka trebles profit in 1H14
Nigerian Lafarge subsidiary Ashaka Cement has reported a 1H14 profit after tax of NGN3.51bn (US$21.5m), a 201 per cent increase than its 1H13 figure of NGN1.15bn. Pretax profits...
Ashaka to fast-track Gombe plant expansion, Nigeria
The board of directors of Nigerian producer Ashaka Cement plc, with the support of parent company Lafarge, has agreed to fast-track the expansion of its US$617m cement plant in ...
Ashaka Cement 1Q14 profit after tax rise 69%
Ashaka Cement's 1Q 2014 results showed that profit before tax and profit after tax grew strongly by 74 and 69 per cent to NGN2.8bn (US$17.5m) and NGN1.9bn, respectively when com...
Ashaka Cement pretax profit down 58.87%, Nigeria
Ashaka Cement pretax profit fell to NGN2.16bn (US$13.6m) in the first nine months of 2013, down 58.87 per cent from NGN5.27bn a year ago. Turnover for the Nigeria-based producer...
Ashaka Cement first-half pretax profit falls 54.4%, Nigeria
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 si...
Ashaka Cement sees profits rise 54 per cent
Nigeria-based Ashaka Cement plc has reported a YoY increase in profits of 54 per cent from NGN1.614bn (US$10.3m) to NGN2.489bn for 2Q2012 ended 30 June 2012. The company saw tur...
Lafarge
Lafarge's underlying turnover, adjusting for the elimination of the gypsum business that has largely been sold, increased by 3% in 2011 to €15,284, but the EBITDA declined by 7....