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Home Business News

Dangote Cement Plc delivers N382 billion profit in 2022

Zainab Iwayemi by Zainab Iwayemi
February 28, 2023
in Business News, Company News, Company Results
Dangote refinery will only reach full capacity by the end of 2024
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Dangote Cement Plc has reported a profit of N382 billion for the year 2022, according to the company’s financial report seen by Nairametrics.

The 2022 profit represents a 4.90% improvement from the N364.44 billion which the cement maker reported in the previous year.

Other key takeaways from the financial report are summarised below.

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Revenue

FY 2022: N1.618 trillion

FY 2021: N1.384 trillion

% Change: 16.9%

Gross profit

FY 2022: N955.433 billion

FY 2021: N832.618 billion

% Change: 14.8%

Profit from operating activities

FY 2022: N585.876 billion

FY 2021: N582.491 billion

% Change: 0.58%

Finance costs

FY 2022: N130.370 billion

FY 2021: N65.707 billion

% Change: 98.4%

Profit before tax

FY 2022: N524.002 billion

FY 2021: N538.366 billion

% Change: -2.67

Profit for the year

FY 2022: N382.311 billion

FY 2021: N364.439 billion

% Change: 4.90%

Earnings per share

FY 2022: N22.27

FY 2021: N21.24

% Change: 4.85%


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Zainab Iwayemi

Zainab Iwayemi

For further inquiries about this article, contact: Email: zainab.iwayemi@nairametrics.com Twitter: @IwayemiZainab LinkedIn: Zainab Iwayemi

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Three cement giants and FIRSTHOLDCO spark rally as ASI shatters 130,000 on the Nigerian stock market 

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