• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Companies Company News

Dangote Cement Q3 2018 earnings growth dragged by Nigerian operations

Fikayo Owoeye by Fikayo Owoeye
October 23, 2018
in Company News, Company Results
Dangote group
Share on FacebookShare on TwitterShare on Linkedin

Dangote Cement Plc has released its Q3 2018 result with an Earnings Per Share (EPS) growth of 1.6% Year on Year to N2.64.

In the result breakdown by investment house,  ARM Securities, Dangote Group’s revenue grew by 6.3% Year on Year to N202.9 billion driven by higher volumes in Nigeria and the Pan African businesses, despite relatively softer prices across markets.

Starting off with Nigeria, while the business recorded price erosion of 3.9% Year on Year to N43,187 per tonne, sales volume grew 6.2% Year on Year to 2.5metric tonns, thus removing the moderation in price to record revenue growth 2.01% Year on Year to N127.2 billion. While  for the rest of Africa, volumes grew by 15.9% Year on Year to 2.5metric tonns reducing the effect of a 1.4% decline in average prices to N30,728 per tonne driving the revenue higher by 14.3% Year on Year to N75.6 billion.

RelatedStories

Yusuf Tuggar, Nigerian military

WAES: West Africa exported goods valued at over $166 billion in 2024 – Tuggar 

June 21, 2025
Heineken launches mandatory takeover bid of Champions Breweries, offers to buyout remaining 15.3% equity stake

Heineken withdraws staff, suspends operations in Eastern DRC cities amid worsening rebel conflict 

June 21, 2025

However, input cost grew at a much faster pace (+9.46% Year on Year to N90.1 billion) boosted by higher salaries and depreciation expense. Salaries and related staff costs rose by 39.4% Year on Year to N8.7 billion while depreciation expense rose by 13.8% Year on Year to N16.2 billion moderating the impact of declines in energy cost per tonne (8.9% Year on Year N4,860) and materials consumed per tonne (7.1% Year on Year to N5,674). Consequently, gross margin contracted by 1.3% Year on Year to 55.6%.

Elsewhere, operating expense grew by 19.1% Year on Year to N48.4 billion, driven by higher haulage and depreciation expenses. Particularly, haulage cost per tonne in Nigeria rose 44.4% Year on Year to N4,541. As a result, OPEX to sales grew to 23.9% (+2.6% Year on Year). The depressed margins coupled with higher operating expense drove operating income lower by 4.7% Year on Year to N66.3 billion with respective margin at 32.7% (-3.8% Year on Year).

Further down, net finance cost moderated by 10.4% Year on Year to N4.5 billion hinged on a decline in both its finance income and cost. For clarity, finance income declined by 32.9% Year on Year to N7 billion, while the finance expense declined by 25.6% Year on Year to N11.6 billion.

A feed through of the pressure from its input and operating cost drove PBT lower by 4.3% to N61.8 billion. However, the lower tax reported in the period (-17.2% Year on Year to N16.7 billion) after restating its Q3 17 tax, drove PAT higher by 1.59% to N45.1 billion. For context, effective tax rate dropped to 27.0% (vs 31.2%)

 


Follow us for Breaking News and Market Intelligence.
Fikayo Owoeye

Fikayo Owoeye

Fikayo has a degree in computer science with economics from Obafemi Awolowo University. ITIL v3 in IT service management. An alumnus of Daystar Leadership Academy. Prior to joining Nairametrics had stinct in Project management, Telecommunications among others. Also training in Consulting and Investment banking from Edubridge Academy. He has very keen interest in Politics, Agri-business, private equity and global economics. He loves travelling and watching football. You can contact him via fikayo.owoeye@nairametrics.com

Related Posts

Yusuf Tuggar, Nigerian military
Business News

WAES: West Africa exported goods valued at over $166 billion in 2024 – Tuggar 

June 21, 2025
Heineken launches mandatory takeover bid of Champions Breweries, offers to buyout remaining 15.3% equity stake
Business News

Heineken withdraws staff, suspends operations in Eastern DRC cities amid worsening rebel conflict 

June 21, 2025
Tariff relief triggers $2 billion investment in Nigeria’s digital infrastructure – Tayo Aduloju
Sectors

Tariff relief triggers $2 billion investment in Nigeria’s digital infrastructure – Tayo Aduloju

June 21, 2025
Under Tinubu, a blueprint for Nigeria’s consumer credit economy is quietly unfolding 
Business News

‘The era of pit to port must end’ – Tinubu tells West African leaders at WAES2025 

June 21, 2025
Bello Matawalle, Zamfara state
Business News

FG to tap into the $90 million global market for Electronic Navigational Charts – Matawalle 

June 21, 2025
GTCO Plc hits 52 weeks high as stock rises to N38.5 per share
Legal & Regulations

GTBank loses N970m debt case against MKO Abiola’s son, RCN Networks

June 21, 2025
Next Post
Here’s why GT Bank took over Ladoja’s property.

GTBank Releases Q3 2018 Unaudited Results

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank
Zenth Bank








DUNS

Recent News

  • WAES: West Africa exported goods valued at over $166 billion in 2024 – Tuggar 
  • Heineken withdraws staff, suspends operations in Eastern DRC cities amid worsening rebel conflict 
  • Tariff relief triggers $2 billion investment in Nigeria’s digital infrastructure – Tayo Aduloju

Follow us on social media:

Recent News

Yusuf Tuggar, Nigerian military

WAES: West Africa exported goods valued at over $166 billion in 2024 – Tuggar 

June 21, 2025
Heineken launches mandatory takeover bid of Champions Breweries, offers to buyout remaining 15.3% equity stake

Heineken withdraws staff, suspends operations in Eastern DRC cities amid worsening rebel conflict 

June 21, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics