By investadvocate

Lagos (INVESTADVOCATE)-Dangote Cement Plc Thursday April 21 2011 through the Nigerian Stock Exchange (NSE) announced that it would pay investors of the Company the proposed N2.25 Kobo dividend on Wednesday June 01 2011 for the 2010 Audited Year End.

Also, the Company notified the Nigeria’s Exchange of changes in the date of its Annual General Meeting (AGM) and Closure of Register of Members.

Dangote Cement rescheduled their AGM date from May19 2011 to May 26 2011, while the Closure of Register of Members is Wednesday May 04 to Friday May 06 2011.

However, the AGM venue according to the Company will be announced to the Market in due course.

A review of the Audited Report for the Period Ended December 31 2010 shows that Profit After Tax (PAT) of the Firm increased from N47.251 billion in year 2009 to N106.605 billion in year 2010; indicating an increase of 125.6%.

While Profit Before Tax (PBT) also grew from N49.510 billion in year 2009 end to N101.334 billion in year 2010; representing an increase of 104.7%.

Turnover grew from N129.797 billion in year 2009 compared to N202.565 billion, showing a growth of 56.15 in the review period.