Lafarge Cement Wapco Q1 Profit Up 20%

By Yakubu LAAH InvestAdvocate

Lagos (INVESTADVOCATE)-Cement producers, Lafarge Cement Wapco Nigeria Plc on Monday said its pre-tax profit climbed 20 percent (20%) to N8.621 billion in the Q1 of 2014 from N7.202 billion in the same period of 2013.

Post tax profit also climbed 34% to N8.148 billion in the first quarter of 2014 from N6.073 billion in the corresponding period of 2013.

Lafarge Wapco reported its revenue also grew from N23.238 billion in the Q1 of 2013 to N27.033 billion in the review period of 2014; indicating a growth of 16%.

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