Skip to main content

Dangote Cement reports positive 1Q18

Published by , Editor
World Cement,


Dangote Cement has reported group cement sales of 6.195 million t in 1Q18, a 2.82% increase on the previous year. Cement production was 6.042 million t.

Revenues from cement sales jumped 16.3% to NGN242.12 billion. Revenues from the company’s Nigerian business were NGN173.91 million, 71.7% of total revenues. Revenues from its Pan-Africa business were NGN68.56 billion, 28.3% of the total.

The company’s Nigerian business played an even more dominant role in the company’s earnings. Total EBITDA for the three months jumped 22.2% to NGN125.92 billion with the Nigerian business contributing 89.13% of the total.

Profit from operating activities totaled NGN103.79 billion, a steep rise on 1Q17 when the company reported profits of NG83.25 billion.

Read the article online at: https://www.worldcement.com/africa-middle-east/30042018/dangote-cement-reports-positive-1q18/

You might also like

Opportunities & Challenges For UK Cement

Dr Diana Casey, Mineral Products Association, gives an overview on the current state of the British cement industry and what benefits and hurdles lie ahead for operators in the UK.

 
 

Embed article link: (copy the HTML code below):


 

This article has been tagged under the following:

Dangote news Cement news 2018