Nigeria’s Ashaka Cement revenue drops

For the year ended 31 December 2015, Ashaka Cement recorded a drop net profit to NGN 2.7 billion (€12.03 million/US$13.56 million) from NGN 4.5 billion in 2014. The year under review saw the company record a revenue of NGN 17.4 billion, down from NGN 21.1 billion in 2014. Company pre-tax profit stood at NGN 3.2 billion, down from NGN 5.2 billion in 2014.
March 22, 2016 Read time: 1 min

For the year ended 31 December 2015, Ashaka Cement recorded a drop net profit to NGN 2.7 billion (€12.03 million/US$13.56 million) from NGN 4.5 billion in 2014.

The year under review saw the company record a revenue of NGN 17.4 billion, down from NGN 21.1 billion in 2014.

Company pre-tax profit stood at NGN 3.2 billion, down from NGN 5.2 billion in 2014.

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Dangote Cement reports increase in revenues to NGN 391.63bn

In the full year to 31 December 2014, revenues of Nigerian-based Dangote Cement increased to NGN 391.63bn (€1.81 billion/US$1.97 billion) from NGN 386.17bn in the past year. The company's pre-tax profit, on the other hand, dropped 3.2% to NGN 184.68 billion and sales volume dropped 3.2% to 12.87 million tonnes in Nigeria. Dangote Cement is also expecting capital expenditure to slow from NGN 217.20 billion in 2014 to NGN 191 billion in 2015.

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