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- 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 Adelaja.
- Roux, however, said the company has no plan to pullout of the north east region or suspending its operations from where its factory is located in Gombe state.
- Boko Haram attacked an Ashaka Cement factory twice last year , stealing the company’s dynamites and operational vehicles.
- Ashaka Cements revenue was N21.1billion the whole of 2014 and 2.4% down from the year before.
- Lafarge’s consolidated revenue was N205 billion for the whole of 2014 and essentially flat from the year before.
- Ashaka however, reported a revenue of N4.5billion in Q1 of 2015 representing a 30% drop from the year before.
- Lafarge also reported a 15.4% rise in revenue in the first quarter of 2015.
CAP Plc appoints Jethro Iruobe as Executive Director, names new Company Secretary
