By InvestAdvocate

Lagos (INVESTADVOCATE)-Cement producer, Ashaka Cement Plc on Friday said its profit after tax (PAT) for the period first-half (H1) ended June 30, 2016 declined 54.1 percent to N1.63 billion from N3.55 billion a year ago.

Similarly, profit before tax (PBT) of the company dropped 63.2 percent to N1.53 billion from N4.2 billion in the same period of 2015.

Also, revenue of ASHAKACEM dipped from N10.74 billion in the H1 period of 2015 to N7.66 billion in the review period of 2016; showing a depreciation of 28.7 percent, the cement manufacturer said in a filing with the Nigerian Stock Exchange (NSE).

Click here to view Ashaka Cement Plc HI 2016 Report