Dangote Cement reports increase in revenues to NGN 391.63bn

In the full year to 31 December 2014, revenues of Nigerian-based Dangote Cement increased to NGN 391.63bn (€1.81 billion/US$1.97 billion) from NGN 386.17bn in the past year. The company's pre-tax profit, on the other hand, dropped 3.2% to NGN 184.68 billion and sales volume dropped 3.2% to 12.87 million tonnes in Nigeria. Dangote Cement is also expecting capital expenditure to slow from NGN 217.20 billion in 2014 to NGN 191 billion in 2015.
March 30, 2015 Read time: 1 min

RSSIn the full year to 31 December 2014, revenues of Nigerian-based 7635 Dangote Cement increased to NGN 391.63bn (€1.81 billion/US$1.97 billion) from NGN 386.17bn in the past year.

The company's pre-tax profit, on the other hand, dropped 3.2% to NGN 184.68 billion and sales volume dropped 3.2% to 12.87 million tonnes in Nigeria.

Dangote Cement is also expecting capital expenditure to slow from NGN 217.20 billion in 2014 to NGN 191 billion in 2015.

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