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[2008-06-18] CFAO Ghana Ltd (CFAO) Releases Exciting First Quarter Results CFAO recorded an impressive 113.97% increase in earnings in its first quarter un-audited results. Turnover increased by 69.81% to GHC10.61mn and cost of sales by 75.40% to GHC9.126mn, resulting in a 42.02% increase in gross profit to GHC1.49mn. General, administrative and selling expenses increased by 27.49% to GHC1.03mn resulting in a 90.12% increase in profit before tax to GHC0.46mn and consequently, a profit after tax GHC0.29mn representing a 113.97% increase. Source: Ghanaweb