The company’s profit before tax rose to 1.36 billion in the period under review, from 1.32 billion recorded in the corresponding period of last financial year, on account of significant reductions in the company’s finance cost, it said in a statement.
It said revenue declined moderately to 26.9 billion from 27.8 billion reported a year earlier.
“The slight decline in revenue is attributed to a high raw material cost and an effect of the current state of insecurity in the North-East part of the country which has affected the company’s ability to effectively distribute its products in the affected region,” the statement said.
The total assets rose 11 per cent to 63.62 billion from 57.14 billion reported in Q2 2013. Asset growth in the review period was largely driven by on-going facility expansion projects.
