Ashaka Cement’s profit drops by 27% to US$6.6m in 2016

Print this page

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.

Last modified on 19 April 2017

Register for the Global Cement Weekly email newsletter

Global Cement Weekly is Global Cement’s weekly email newsletter. Keep up to date with cement industry news, analysis, diary dates and news of people in the sector.

Register >

URL: https://globalcement.com/news/item/6021-ashaka-cement-s-profit-drops-by-27-to-us-6-6m-in-2016

© 2024 Pro Global Media Ltd. All rights reserved.