Dangote Cement’s Q2 profit rises to 5.4%

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Profit Before Tax: Dangote Cement’s profit before tax stood at N115.5 billion in Q2 2019 compared to N185.5 billion in Q2 2018. Representing a decrease of 16.2%.

Profit After Tax: Interestingly, the cement maker’s profit after tax increased by 5.4% to N119.2 billion, compared to N113.1 billion in Q2 2018.

Note that the increase in profit after tax could have been facilitated by the fact that Dangote Cement paid less income tax in Q2 2019. Specifically, a total of N36.2 billion worth of income tax was paid for the period under review. This is less than N72.3 billion paid in Q2 2018.

Earnings Per Share: This stood at N7.01 in Q2 2019, compared to N6.60 in Q2 2018.

In the meantime, Dangote Cement Plc remains the most capitalised company on the Nigerian Stock Exchange with N2.8 trillion. The company’s shares are currently trading at N170 on the Nigerian bourse.

To download the company’s interim Q2 financial statements, check HERE.

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