Ashaka Cement, Nigeria: rise in pre-tax profit to NGN 4.39 billion

Nigeria-based Ashaka Cement, a subsidiary of 725 Lafarge of France, has registered a rise in its pre-tax profit in the January to June 2014 period to NGN 4.39 billion (€ 20.12 million/US$26.97 million), as compared to NGN 1.6 billion in the same period in 2013, up by 166.16%.

The cement company has posted a jump in its profit after tax in the six months under review from NGN 1.15 billion in the same period in 2013, to NGN 3.51 billion, a 201.41% increase.