Nairametrics
  • Home
  • Exclusives
    • Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Ranking & Reviews
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • General News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Ranking & Reviews
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • General News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Industries Company News

Dangote: The King cement maker moving against all odds

Olumide Adesina by Olumide Adesina
April 14, 2020
in Company News, Coronavirus, General News
Dangote finally addresses how he amassed his wealth without father’s money, Dangote talks about when he will buy Arsenal , Aliko Dangote defends border closure, reacts to Dangote Cement result, Can Nigeria's King Cement maker Dangote Cement withstanding COVID-19?, Aliko Dangote and his slide from $25 billion to $7 billion

Aliko Dangote, billionaire and chief executive officer of Dangote Group

Share on FacebookShare on TwitterShare on Linkedin

Dangote Cement Plc is Nigeria’s multinational publicly traded cement company. It is involved in the production, packaging, exportation and distribution of cement in Nigeria and other parts of Africa.

Dangote Cement Plc is the largest company traded on the Nigerian Stock Exchange with a market capitalization of N1.99 trillion as at April 10, 2020.

The Nigerian cement industry may be set for a difficult year on account of the COVID-19 pandemic, and it is expected that the sector’s full recovery could take at least 2 years, in line with the macro guidance of African finance ministers.

Clearly, the spread of COVID-19 has altered the global economic outlook for this year. The virus outbreak has led to border closures, as well as restrictions on constructions and other non-essential business activities.

(READ MORE: Dangote Cement Plc: Frail macro conditions to pressure earnings in 2020)

The Nigerian cement market is likely to underperform the rest of Africa, given that imposed restrictions in its country of domicile have been concentrated in key construction hubs like Lagos, which cumulatively accounts for about 48.0% of the country’s GDP.

Dangote Cement reveals share buyback plans, Dangote Cement Plc: Frail macro conditions to pressure earnings in 2020, Can Nigeria's King Cement maker Dangote Cement withstanding COVID-19?
Dangote cement factory

It’s expected that the shutdown of activities in these zones is likely to last till the end of the third quarter of 2020. In line with global expectations, DANGCEM is expected to report contractions in cement volumes in Nigeria and across its pan African operations in 2020.

In addition, Dangote cement earnings will likely be under strain by greater income tax deductions going forward, following the expiration of pioneer tax grants on Ibese Lines 3 & 4 and Obajana Line 4 in February 2020.

Consequently, the company recorded an increase in distribution cost in the 2019 financial year as a result of an increase in its number of truck fleet and the proportion of sales distributed by trucks to customers.

In its 2019 released audited financial results, the company posted a revenue of N891.7 billion and pre-tax profit declined by 16.7% year on year to N250.5 billion in the financial year of 2019.

(READ MORE: Dangote Cement woos investors with N100 billion issue)

Profit after tax, however, dropped sharply, down 48.5% year on year to N201.2 billion in 2019 vs N390.9bn recorded in 2018.

Similarly, its profit margin pressures are likely to start after the operating line, with drags coming in the form of higher interest expense N63.8 billion vs N50.1 billion in 2019.

Fundamentally, the company has had a traditionally strong cash flow position, even during 2016 recession; furthermore, it has a dividend yield of 13.31 % and earnings per share of 11.79, as at April 10, 2020. With a look at the stock on the chart where DANGCEM trades at N117, showing a series of spinning top forming on the price support level, it’s thus likely a strong bullish bias signal on the mid and long term review on the stock.

Related

Tags: Covid-19Dangote cement

Comments 3

  1. Ajayi motunrayo says:
    October 25, 2020 at 8:35 pm

    Please help me sir need money for my seller

    Reply
  2. levy says:
    August 3, 2021 at 2:15 am

    Everyday Bitcoin and other cryptocurrency scams are becoming rampant as the days go by. People should be careful when dealing especially when funds are involved, this is not to say recovery is not possible even though there are several frauds who claim to recover money online. QUICKFUNDRECOVERY @ YAHOO COM is most trusted, i assure you. They are the best recovery firm online, and just as the name implies your money is recovered as quickly as possible. contact QUICKFUNDRECOVERY 2 YAHOO COM or leave a message on the WHATSAPP platform +16062293185.
    Thanks to Quickfund i recovered a good number of my bitcoin and Ada (cardano), be sure to receive excellent service.

    Reply
  3. Greg says:
    August 3, 2021 at 3:22 am

    I lost over 150k in an investment trading company early January of 2020, i was depressed i had almost thought about taking my life this was money i had set aside for my two kids education. The company had refused me making withdrawals but rather kept asking for more money. at one of my friends his girlfriend introduced me to a recovery agency, QUICKFUND RECOVERY, he made a recovery of nearly 80% of my investments in nearly under 2weeks i am beyond grateful imagine the faith of my children who would have gone with education. if you have been defrauded of any money , bitcoin or any other investment i employ to to try QUICKFUDRECOVERY @ YAHOO COM. trust me they help me and can help you too.

    Reply

Leave a Reply Cancel reply

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

Eco Bank
Access Bank
Bankers Committee
First bank


Flowmono

Bfpeer
Mega Millions
FCMB
Ikeja Electrics
Kwakol Markets




    Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

    Recent News

    • Atiku wins PDP Presidential nomination for 2023 Election
    • MTN Nigeria appoints Mazen Mroue as Non-Executive Director
    • Starlink coming to Nigeria means a kid in Ohafia will have same or faster internet access as a kid in Lagos – Kalu Aja

    Follow us on social media:

    Recent News

    Atiku wins PDP Presidential nomination for 2023 Election

    Atiku wins PDP Presidential nomination for 2023 Election

    May 29, 2022
    MTN Nigeria, Commercial Paper, MTN to still sell stake in its Nigerian subsidiary

    MTN Nigeria appoints Mazen Mroue as Non-Executive Director

    May 28, 2022
    • ABOUT US
    • CONTACT US
    • PRODUCTS
    • ANDROID APP
    • iOS APP
    • DISCLAIMER
    • CAREERS
    • PRIVACY POLICY

    © 2022 Nairametrics

    No Result
    View All Result
    • Home
    • Exclusives
      • Analysis
      • Corporate Stories
      • Interviews
      • Investigations
      • Ranking & Reviews
    • Markets
      • Cryptos
      • Commodities
      • Equities
        • Dividends
        • Stock Market
      • Fixed Income
      • Market Views
      • Securities
    • Industries
      • Company News
      • Consumer Goods
      • Content Partners
      • Corporate deals
      • Corporate Press Releases
      • Energy
      • Entertainment
      • Financial Services
      • Hospitality & Travel
      • Manufacturing
      • Real Estate and Construction
      • Tech News
    • Economy
      • Get Data
      • Macro-Economic News
      • Research Analysis
    • General News
    • Financial Literacy
      • Career tips
      • Personal Finance
    • Lifestyle
      • Billionaire Watch
      • Profiles
    • Opinions
      • Blurb
      • Op-Eds

    © 2022 Nairametrics

    Social Media Auto Publish Powered By : XYZScripts.com