By Richard ABANGWU InvestAdvocate

Lagos (INVESTADVOCATE)- Dangote Cement Plc (DANGCEM) Wednesday increased its dividend payout to investors by 140 percent (140%) for the Audited Year Ended December 31 2012.

DANGCEM proposed N3.00 for the review period compared to N1.25 paid in 2011 end; indicating an increase of 140%.

The Company in its Result Announcement to the Nigerian Stock Exchange (NSE) and made available to www.investadvocateng.com said Qualification Date for those to benefit from the dividend is May 03 2013 and Closure Date of Shareholders whose names appears on the Company’s Record is May 06 to May 10 2013.

Annual General Meeting (AGM) has been scheduled for May 23 in Abuja Nigeria and payment of the N3.00 dividend will be June 03 2013.

A review of the Company’s Financial Report for the 2012 End shows that Profit After Tax (PAT) increased by 25.14 percent (25.14%) as DANGCEM recorded N151.933 billion in year 2012 End compared to N121.415 billion in 2011.

Profit Before Tax (PBT) also grew from N113.779 billion in 2011 End compared to N135.647 billion in the review period of year 2012 End; indicating a 19.2% growth.

Gross Profit, also increased by 25.4% as the Company posted N180.149 billion in year 2012 End compared to N143.698 billion in year 2011 End.

Also, Revenue grew by 23.6% as the firm recorded N298.454 billion in year 2012 compared to N241.405 billion in year 2011 end.