Dangote Cements Reports N103.4 Billion PAT in H1 2016

Aliko Dangote5

By InvestAdvocate

Lagos (INVESTADVOCATE)-Nigeria’s most capitalised listed company and cement manufacturer, Dangote Cement Plc on Thursday reported a profit after tax (PAT) of N103.4 billion for the period ended June 30, 2016 compared to N121.8 billion recorded a year ago.

Also, the company declared a profit before tax (PBT) of N124.8 billion compared to N128.7 billion posted in the same period of 2015; indicating a slight loss of 3.0 percent.

On the positive side, revenue climbed up 20.6 percent to N292.2 billion N242.2 billion recorded in the corresponding period of 2015, Dangote Cement said in a filing with the Nigerian Stock Exchange (NSE).

Click here to download Dangote Cement Plc Interim Financial Statement June 30, 2016

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