Dangote Cement profits up 52.8%

Nigeria-based cement producer Dangote Cement registered a 52.8% increase in its profits before tax from NGN 70.80 billion (US$440.71 million) to NGN 107.7 billion in the first six months to June 2013. Sales volume was up 29.4% to 6.76 million tonnes, while the market share is estimated to stay at around 62%.
September 13, 2013 Read time: 1 min

Nigeria-based cement producer Dangote Cement registered a 52.8% increase in its profits before tax from NGN 70.80 billion (US$440.71 million) to NGN 107.7 billion in the first six months to June 2013. Sales volume was up 29.4% to 6.76 million tonnes, while the market share is estimated to stay at around 62%.

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Dangote turnover grew 15.94% in first half of 2015

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.

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