Results & Dividends

Dangote Cement Grows Profit by 38.7% in 2013

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By Peter OBIORA InvestAdvocate

Lagos (INVESTADVOCATE)-Cement manufacturers, Dangote Cement Plc Wednesday posted a 38.7 percent (38.7%) growth in its profit for the year.

From the 2013 audited report of the cement company released to the Nigerian stock exchange (NSE) in Lagos Nigeria, profit for the year was N201.198 billion in 2013 compared to N145.024 billion in year 2012 end; indicating a growth in profit of 38.7%.

Similarly profit before tax (PBT) increased from N135.647 billion in 2012 audited year end to N190.761 billion in the review period of 2013; showing an increase in PBT of 40.6%.

While revenue also appreciated from N298.454 billion in 2012 end to N386.177 billion in the corresponding period of 2013; representing an increase in revenue of 29.4%.

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