Nigeria-based Dangote Cement saw its turnover expand by 15.94% year-on-year to NGN 242.22billion (€1.11 billion/US$1.22 billion) in the first half of 2015.
During the same six-month period, the cement maker also reported a 21.65% surge in after-tax profit to register a NGN 121.81 billion value.
The company attributes its healthy half-year results to its recently implemented expansion plan which saw Dangote Cement commission plants in South Africa and Senegal.
Nigeria-based
During the same six-month period, the cement maker also reported a 21.65% surge in after-tax profit to register a NGN 121.81 billion value.
The company attributes its healthy half-year results to its recently implemented expansion plan which saw Dangote Cement commission plants in South Africa and Senegal.
The company also announced that its spending plans have been revised from $700 million (€637.35 million) estimated nine months ago, to $1 billion.
In the last few years, the cement manufacturer has spent over $5 billion on its expansion projects.
