By Yakubu LAAH InvestAdvocate

Lagos (INVESTADVOCATE)-Foremost Nigerian cement manufacturer, Dangote Cement Plc said on Friday its profit after tax for the third quarter (Q3) period ended September 30, 2014 declined 10.25 percent to N140.47 billion from N156.12 billion recorded in the same period of 2013, the company said in a filing with the Nigerian Stock Exchange.

However, profit before tax in the review period inched up slightly two percent (2%) to N154.05 billion from N151.72 billion reported in the Q3 of 2013.

The cement maker said its revenue in the period grew 7.63 percent to N310.21 billion from N289 billion posted in the third quarter of 2013.

Similarly, gross profit inched up marginally to 1.53 percent as Dangote Cement declared N199.7 billion in the review period compared to N196.9 billion in the third quarter of 2013.

At the end of the day’s transaction on the floor of the Nigerian bourse, share price of Nigeria’s top cement maker rose slightly 0.02 percent as sales opened at N214.95 and closed N215.00 gaining 0.05 kobo.