Nigeria: Ashaka Cement’s profit fell by 27% year-on-year to US$6.6m in 2016 from US$9m in 2015. Its revenue fell slightly to US$57m. Its cement deliveries rose by 6.5% to 0.61Mt from 0.57Mt. Lafarge Africa, a part owner of the cement producer, reported that its sales and operating earnings fell in 2016 due to gas shortages, a recession and local currency devaluation.
Ashaka Cement’s profit drops by 27% to US$6.6m in 2016
Register for the 1st Global CemProcess Conference & Exhibition
24 - 25 April 2017, London, UK
Process optimisation in cement manufacture
The first-ever Global CemProcess Conference on process optimisation in the cement industry will take place in London in 24 - 25 April 2017 at the Hallam Conference Centre in the heart of London, and will Include a confirmed visit to Hanson Cement's Ketton cement plant on 26 April to see industry-best-practice case studies in action.