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Home Business News

Dangote Cement 9-month 2017 revenues up 36.4% to N603 billion

Onome Ohwovoriole by Onome Ohwovoriole
October 19, 2017
in Business News, Company News
dangote industries limited - nairametrics

Aliko Dangote , Chief Executive of Dangote Industries Limited

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Dangote Cement Plc today released its financial statements for the 9months ended September 2017. Revenue went up from N442 billion in 2016 to  N603 billion in 2017. Profit before tax also increased from N148 billion in 2016 to N220 billion in 2017. Profit after tax also increased from N133 billion in 2016 to N193 billion in 2017. Earnings per share also increased from N8.13 in 2016 to N11.30 in 2017.

9M 20169M 2017%age change
Revenue44260336.4%
Profit before tax14822048.6%
Profit after tax13319345%
Earnings Per Share (kobo)813113038.9%

 

Dangote Cement shares are currently trading at N210.03 in today’s trading session on the NSE, up 26.4% year to date.

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Dangote Cement Plc was incorporated as a public limited liability company on 4th November, 1992 and commenced operations in January 2007 under the name Obajana Cement Plc.  The company was listed on the Nigerian Stock Exchange on the 26th of October, 2010. Principal activities of the company are the preparation, manufacture and distribution of cement and cement related products.

 

 

 


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Onome Ohwovoriole

Onome Ohwovoriole

Onome Ohwovoriole has a degree in Economics and Statistics from the University of Benin and prior to joining Nairametrics in December 2016 as Lead Analyst had stints in Publishing, Automobile Services, Entertainment and Leadership Training. He covers companies in the Nigerian corporate space, especially those listed on the Nigerian Stock Exchange (NSE). He also has a keen interest in new frontiers like Cryptocurrencies and Fintech. In his spare time, he loves to read books on finance, fiction as well as keep up with happenings in the world of international diplomacy. You can contact him via onome.ohwovoriole@nairametrics.com

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