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Home Business News

BOOM: Dangote Cement Post 15% Increase In Earnings, N8 Per Share Dividend

Nairametrics by Nairametrics
March 1, 2016
in Business News, Company News
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Audited results for the year ended 31st December 2015

Dividend up 33% to ₦8.0 per share; price reduction drives strong Q4 recovery in Nigerian market; strong performances in all new territories prove success of expansion plan; strong cash generation funds capex and dividend, reduces net debt to 0.78x EBITDA

Lagos, 1st March 2016: Dangote Cement PLC (DANGCEM-NL), Nigeria’s largest cement producer, announces Audited results for the year ended 31st December 2015.

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Financial highlights

  • Revenue up 25.6% to ₦491.7B as new plants perform strongly across Africa
  • EBITDA up 17.5% to ₦262.4B at 53.4% margin
  • All plants profitable across Africa
  • Earnings per share up 15.2% to ₦10.86
  • Dividend up 33.3% to ₦8.0 per share at 73.7% payout ratio
  • Strong cash generation funds dividend and capex, net debt falls to ₦204.2B (0.78x EBITDA) 

Operating highlights 

  • Group cement volumes up 35% to nearly 19 million tonnes
  • Price reduction drives strong rebound in Nigerian market; Q4 volumes up 36%,
    full-year volumes up 3.2% despite severe economic challenges
  • Excellent entries in all new countries, gaining share from incumbents
  • Senegal, Ethiopia sell approximately 1 million tonnes each
  • NSE Premium Listing reflects strong corporate governance

Download (PDF, 835KB)

Tags: Manufacturing
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Nairametrics

Nairametrics is Nigeria's top business news and financial analysis website. We focus on providing resources that help small businesses and retail investors make better investing decisions. Nairametrics is updated daily by a team of professionals. Post updated as "Nairametrics" are published by our Editorial Board.

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