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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)

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