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Dangote Cement reports strong results in 2017

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World Cement,

Dangote Cement Plc has report cement production of 21.2 million t across the group in 2017, a slight decrease on the previous year’s production of 22.5 million t. Revenues from the sale of cement were up, however, at NGN805.3 billion.

Revenues from the sale of cement in 2016 were NGN614.9 billion.

The company has installed cement production capacity of 43.550 million t in 2017, an increase of 1 million t on 2016. Capacity utilisation was 48.73% in 2017, compared to 52.95% in 2016.

Dangote’s Nigerian business accounted for around 68% of the company’s revenues in 2017, slightly down on the previous year. Its Pan-Africa revenues rose slightly from 31% of revenues in 2016 to 32% in 2017.

EBITDA for 2017 was NGN388.2 billion, compared to NGN257.2 billion in 2016 – a 50.9% increase on the previous year. Nigeria remained the primary contributor to EBITDA, bringing in NGN360.8 billion of the company’s total earnings. Pan-Africa EBITDA was NGN38.3 billion.

Pre-tax profits were also significantly healthier than the year before, totaling NGN289.6 billion, a 60.1% increase on the previous year.

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Dangote news Cement news 2018