Revenues from cement sales jumped 16.3% to NGN242.12 billion. Revenues from the company’s Nigerian business were NGN173.91 million, 71.7% of total revenues. Revenues from its Pan-Africa business were NGN68.56 billion, 28.3% of the total.
The company’s Nigerian business played an even more dominant role in the company’s earnings. Total EBITDA for the three months jumped 22.2% to NGN125.92 billion with the Nigerian business contributing 89.13% of the total.
Profit from operating activities totaled NGN103.79 billion, a steep rise on 1Q17 when the company reported profits of NG83.25 billion.
