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Ashaka Cement Books N1.26 billion in Q1, 2012 Result

By on September 21, 2012

Ashaka Cement transmitted its Q1, 2012 earnings to the Nigerian Stock Exchange yesterday. The  Gombe based cement manufacturer posted a revenue of N6.2 billion, up 25% from the N4.9 billion it made in Q1, 2011.

Additional income skyrocketed by 285% to N227 million from N59 million in Q1, 2011.

Profit before tax came in at N1.8 billion, an increase of 137% from the N761 million it booked over the same period last year.

Net income reported for the period was N1.26 billion, up 137% from the N532 million it made in Q1, 2011.