Shareholders approve 15k per share dividend for AshakaCem

Shareholders of AshakaCem Plc, a subsidiary of Lafarge Africa Plc, have unanimously endorsed a dividend payment of 15 kobo on every ordinary share in issue for the 2016 financial year, totalling N336 million.

The acting Chairman of AshakaCem, Mrs. Edith Onwuchekwa, disclosed on Thursday at the company`s 42nd annual general meeting (AGM) held at the Sheraton Hotels, Abuja. “Despite the challenging economic environment of 2016, AshakaCem maintained optimal operations as production was on schedule with 648,585 metric tonnes cement dispatches, which was 6.5 percent higher than the 609,000 metric tonnes dispatched in 2015.”

“I appreciate the management, shareholders and stakeholders because they contributed to help us wade through the storm in 2016 and we were able to declare profitability.” she said.

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