Dangote Cement posts Half Year Pre-Tax Profit N155.58 bln

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Dangote Cement Plc reports half year group revenue of N412.68 billion versus N292.19 a year ago

Half year group profit before tax of N155.58 versus N124.89 a year ago

Nigeria’s and Africa’s largest cement company, Dangote Cement is reporting 45% rise in profit to NGN73.4 billion compared to NGN50.6 billion profit recorded same period in the year 2016.

Dangote Cement ended the quarter with NGN204.5 billion revenue in contrast to NGN151.6 billion in the previous year while production cost of sales was NGN89.7 million against NGN76.9 million posted in the year before.

The conglomerate said its gross profit increased to NGN114.7 billion in the period in review in contrast to NGN74.6 billion recorded in the year before while operating profit was NGN80.2 billion against NGN41.9 billion reported in the year before.

Dangote Cement recorded increased assets of NGN1.6 trillion in q2 2017 compared to NGN1.5 trillion recorded in the year before while total liabilities was NGN815.2 billion versus NGN730.5 billion in the year before.

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