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.

Quarry Products / March 22, 2016

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.