Dangote Cement reports positive 1Q18
Published by Jonathan Rowland,
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
The World Cement Podcast - CleanTech & Venture Capital
Our guest for this episode of the World Cement Podcast is Alfredo Carrato, Venture Capital Advisor for CEMEX Ventures. Listen in to the conversation as World Cement's Senior Editor, David Bizley, and Alfredo discuss the role of venture capital and cleantech in enabling the cement industry's green transition.
Tune in to the World Cement Podcast on your favourite podcast app today.