Ashaka Cement Plc

Posted on December 20, 2016 by mudeerat olawunmi

Alert: Ashaka Cement Has Approved Voluntary Delisting from NSE

At an Extraordinary General Meeting (EGM) held in Abuja, yesterday, the shareholders of Ashaka Cement Plc approved the proposed voluntarily delisting of the company from the Nigerian Stock Exchange (NSE). Following the EGM, shareholders of the company will have a 90-day window as specified by NSE rules on voluntary delisting to decide on the exit Read More

Posted on November 17, 2016 by mudeerat olawunmi

Alert: You Can No Longer Trade Ashaka Cement Shares

The Board of Directors of AshakaCem Plc has proposed to delist all of the ordinary issued share capital of AshakaCem from listing on the Official List and from trading on the Main Market of the Nigerian Stock Exchange. In an explanatory note made available on the NSE website, directors of Ashaka Cement said the voluntary Read More

Posted on August 5, 2016 by Nairametrics

Alert: Ashaka Cement Plc Release 2016 Half Year Earnings

Ashaka Cement Plc released its 2016 H1 results for the period ended June 30 2016 ; See below   Ashaka Cement Plc Plc H1 2016 Results Ashaka Cement 2016 H1 2015 H1 %age Change N’000 N’000 Revenue        7,665,197     10,743,822 -29% Pre-tax profits 1,531,371 4,179,945 -63% Profit after tax 1,630,063 3,550,992 -54% EPS (In Read More

Posted on February 19, 2016 by Olarinmoye Segun

This Harvard Product Is The New Managing Director Of Ashaka Cement

Ashaka Cement has notified the Nigerian Stock Exchange (NSE) of the resignation of Mr. Leonard Palka (Polish), as the Managing Director of the company with effect from 13th April, 2016. Mallam Rabiu Abdullahi Umar (Nigerian) has been appointed as his replacement taking effect from 13th, April 2016. Rabiu Umar is a graduate of Accounting from Read More

Posted on June 19, 2015 by Nairametrics

Lafarge says it lost N2.5b to Boko Haram in 5 months

Lafarge Africa Group Plc, owners of Ashaka cement Plc, in Gombe state has claimed it lost N2.5 billion to insurgency between November 2014 and March 2015 The Country Director of the firm, Guillaume Roux has said this on Wednesday in Abuja during a meeting with the chairman of the Presidential Initiative on North East (PINE) Prof. Soji Read More

Posted on March 29, 2015 by Nairametrics

Ashaka Cement announce resignation of 7 directors, appoints 4 new ones

ASHAKA CEMENT PLC: Resignation and Appointment of Directors – Ashaka Cement Plc notified The Nigerian Stock Exchange that the following directors have resigned their appointments from the Board of the company with effect from 10 March 2015: Umaru Kwairanga – Chairman John William Stull – Vice Chairman Muhammed A. Muhammed, OFR Kolawole Babalola Jamodu, CFR Read More

Posted on March 17, 2015 by Nairametrics

Ashaka Cement appoints new Chairman

AshakaCem Appoints Yahyah Chairman, Plans $1bn Expansion Programme: AshakaCem Plc, one of the major subsidiaries of Lafarge Africa Plc, has appointed Malam Suleiman Yahyah as its chairman. The appointment followed the expiration of the tenure of Alhaji  Umaru Kwairanga, who has stepped down. The cement manufacturing company in its notice to the Nigeria Stock Exchange (NSE),  Read More

Posted on December 8, 2014 by Nairametrics

This Is The Terms of Offer For Lafarge’s Proposed Takeover of Ashaka Cement

Lafarge Africa issued the following press release regarding their mandatory take over bid of the un acquired shares of Ashaka Cement Plc. Offer Opens December 10, 2014 Offer Closed January 16, 2015 Offer Shares is 927,008,865 ordinary shares representing 41.39% of the company Purchase consideration is 57 ordinary shares in Lafarge Africa for every 202 Read More

Posted on July 31, 2014 by Nairametrics

2014 H1: B-L-O-W O-U-T Results as Ashaka Cement Post 166% Rise In Pre-Tax Profits

Ashaka Cement reported a 4.4% increase in its 2014 H1 results posting N12.3billion in revenues compared to N11.8billion posted in 2013 H1. Pre-tax profits however rose 166% to N4.4billion compared to N1.6billion posted a year earlier. The huge increase in result was due to the 24% drop in cost of sales to N7.1billion recorded this Read More

These Are The Most Expensive Stocks On The NSE

The stock market is not like your typical everyday Supermarket but it’s still a market. It’s just that unlike the supermarket prices are more volatile and the product either increases in value or decreases. Another similarity too is that prices in Supermarkets and the Stock market can be expensive or cheap depending what you are buying. Read More

Posted on March 29, 2014 by Nairametrics

RESULT: Ashaka Cement Post 9.6% Drop In PAT To N2.8billion. See Details

Ashaka Cement Plc released its 2013 FY results posting a profit after tax of N2.8billion representing a 9.6% drop from the N3.1billion posted in 2012. Other highlights of the results are as follows; There was no growth in revenue as it remained flat at N21.6billion (2012: N21.8billion) Despite a flat revenue growth Cost of sales rose Read More

Posted on August 8, 2013 by admin

Earnings Analysis 2013 H1: Ashaka Cement Hit By Rising Cost Of Sale

[upme_private]Ashaka Cement released its 2013 H1 results showing revenue dropped 3.7% to N11.8billion (2012 H1: N12.2billion). Gross Profit also dropped by 47% to N2.3billion when compared to the same period last year. Pre-tax profits for the company was N1.1billion, a 58% drop compared to the same period last year. key Highlights Ashaka Cement’s drop in Read More

Posted on June 14, 2013 by admin

Official: SEC Approved List Of 32 Stocks That You Can Buy With Margin Loans

  By the way this list excludes Banks. I hope to review modalities for this loans once I get details. However, I do not like margin loans because of the systemic risk in can cause despite its obvious good intentions. It has its advantages but to creating a debt driven bridge between demand and supply Read More

Posted on May 31, 2013 by admin

Ashaka Plc Post Q1 2013 Pre-Tax Profit Of N1.1billion (2011: N1.2billion)

  Ashaka Cement released its first quarter results with nearly flat revenue growth of N6.03billion. Gross Profit dropped 11% to N2.2billion (2011 Q1: N2.5billion). The Cement company also posted Operating Profit of N1.36billion 13.6 dropped compared to the same period last year. The company also saw a slide in pre-tax profit of 10.2% to N1.6billion. Read More

Posted on May 8, 2013 by admin

Ashaka Cement Post N3billion PAT For FY 2012

  Ashaka Cement released its 2012 full year audited accounts showing revenue increased 5% to N21.8billion. The company also saw a rise in Gross profits rising 11% to N8.3billion whilst operating profit also rose 6% to N3.9billion. Profit after tax at the end of the period rose 8.3% to N3.1billion. key Highlights Gross Profit margin Read More