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