Ashaka Ce­ment prof­its drops 48%

Daily Trust - - BUSINESS NEWS -

Nigeria’s Ashaka Ce­ment said on Mon­day its pre­tax profit fell last year to 2.84 bil­lion naira ($17.2 mil­lion) from 5.47 bil­lion naira in 2012.

How­ever, turnover at the Nige­rian unit of La­farge Ce­ment only slipped to 21.69 bil­lion naira from 21.82 bil­lion naira, it said in a fil­ing with the Nige­rian Stock Ex­change.

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