WAPCO: 1ST QTR MAR 2008
LAFARGE CEMENT WAPCO NIGERIA PLC, UNAUDITED FIRST QUARTER ENDED 31ST MARCH 2008
TURNOVER 08 N11.030b, 07 N9.525b
PBT 08 N2.290b, 07 N3.111b
TAXATION 08 (N344m) 07 (N467m)
PAT 08 N1.946b, 07 N2.644b
NOTE: OPERATING PROFIT WAS ADVERSLY IMPACTED BY INCREASED COST OF SALES AS A RESULT OF THE USE OF IMPORTED CLINKER.THE IMPORTED CLINKER BECAME NECESSARY IN ORDER TO LIMIT THE IMPACT ON PROPOFITABILITY.SINCE MID-MARCH 2008 NATURAL GAS SUPPLY TO OUR PRODUCTION FACITILIES HAS BEEN STABLE.
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donne4real | April 29, 2008