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Lafarge Nigeria unit pre-tax profit drops 30 pct
Mar, 12 2010
Lafarge
Cement WAPCO, the Nigerian unit of the world's biggest cement maker,
said on Thursday its 2009 pre-tax profit fell 30 percent to 8.96
billion naira from the previous year.
Turnover rose 5.4 percent to
45.59 billion naira against the same period of the previous year, the
company said in a filing to the Nigerian Stock Exchange. It proposed a
dividend of 10 kobo per share.
The domestic cement industry saw no major relief from the demand slowdown in August....
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Reacting to warnings from its beleaguered wildlife pathologist Ward Stone, the state has toughened rules to prevent quarry dust from escaping the Lafarge cement plant. More