By InvestAdvocate

Lagos (INVESTADVOCATE)-Cement producer, Dangote Cement Plc said on Thursday its first quarter (Q1) 2015 pretax profit for the period ended March 31, 2015 soared 50.6 percent to N84.36 billion from N56.02 billion recorded a year earlier.

Also, profit for the year increased by 64 percent to N82.67 billion from N50.47 billion posted in the Q1 of 2014.

Revenue of Dangote Cement owned by Aliko Dangote, Africa’s richest person grew marginally from N99.76 billion to N101.37 billion posted the same period of 2014; indicating a growth of the same margin of 64 percent, Dangote Cement sad in a filing with the Nigerian Stock Exchange (NSE).