By Yakubu LAAH InvestAdvocate

Lagos (INVESTADVOCATE)-Lafarge WAPCO Cement Nigeria Plc Tuesday declared a 175.7 percent (175.7%) increase in Profit After Tax (PAT) in its Second Quarter (Q2) Report for the Period Ended June 30 2012.

This is contained in the Cement Company’s Q2 Report for 2012 released to the Nigerian Stock Exchange (NSE) and made available to www.investadvocateng.com in Lagos Nigeria.

Lafarge WAPCO’s Profit After Tax (PAT) in Q2 of 2012 was N8.805 billion compared to N3.194 billion in the Q2 of 2011; showing an increase in PAT of 175.7%.

While Profit Before Tax (PBT) also rose from N4.641 billion in Q2 of year 2011 compared to N12.184 billion in the review period of year 2012; representing an increase in PBT of 162.5%.

Turnover also rose from N29.496 billion in Q2 of 2011 compared to N46.341 billion in the same period of year 2011; indicating a rise of 57.1% in the review period.