H1 2018 Results: Dangote Cement Plc records 17% increase in revenue

Dangote Cement Plc today released its H1 2018 financial statements for the year ended 30 June 2018.

Here are the key highlights of the reports

Revenue

The company reported revenue of ₦482.44 billion for the period ended June 2018 compared to ₦412.68 billion reported for the period ended June 2017. This represents a 17% increase for the comparative period in 2017.

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Profit Before Tax

Profit before tax was ₦ 185.54 billion for the period ended June 2018, a 19% increase from ₦ 155.58 billion reported for the period ended June 2017.

Profit After Tax

The company’s profit after tax for the half year ended 30th June 2018 was ₦ 113.16 billion as against ₦109.71 billion recorded in H1 2017. This represents a 3% increase for the comparative period in 2017.

Earnings Per Share

Dangote Cement Plc however, reported earnings per share of 660 kobo for the period ended June 2018 compared 641 kobo reported for the comparative period in 2017.