By InvestAdvocate

Lagos (INVESTADVOCATE)-Cement producer, Ashaka Cement Plc on Tuesday said it has posted a pretax profit of N5.25 billion in its 2014 audited year end compared to N2.84 billion declared a year earlier; indicating a growth of 84.5 percent in the review period.

Also, post-tax profit climbed up 61.7 percent to N4.56 billion from N2.82 billion in the same period of 2013.

However, revenue declined marginally by 2.6 percent to N21.13 billion in 2014 end from N21.69 billion, the company said in a filing with the Nigerian Stock Exchange (NSE).

Ashaka Cement led the gainers chart at the end of today’s session on the Nigerian bourse gaining N1.89. The company opened trading at N18.50 and closed at N20.39, climbing up by 10.22 percent.