Results & Dividends

Dangote Cement Q1’24: Strong Sales Volume from Nigerian Operations Drives Topline Growth

April 26, 2024/CSL Research Dangote Cement’s unaudited Q1 2024 results showed a 101% y/y growth in Revenue, reaching N817.35 billion compared to N406.72 billion in Q1 2023. Q/q, the company’s performance remained robust, with Revenue increasing by 17.9% from Q4 2023’s N693.49 billion. This remarkable growth is attributed to a […]

Domestic Financial Market Company Update

April 26, 2024/United Capital Research Kindly see below company dividend declarations as at Friday, 26-April-2024.  S/N Company Interim Dividend Interim Dividend Yield Final Bonus Final Dividend Final Dividend Yield Period Qualification Dates Closure of Register Payment Date 1 AFRIPRUD                               –                              –                     – ₦0.45 5.5% 31-Dec-23 15-Mar-24 18-Mar […]

Dangote Cement Plc Q1-24: Heightened Cost Pressures Slows Bottomline Expansion

April 26, 2024/Cordros Report Dangote Cement Plc (DANGCEM) published its Q1-24 unaudited financials yesterday (April 25), reporting an EPS of NGN6.68 (Q1-23: NGN6.44). The improvement in earnings was supported by the robust topline expansion (+101.0% y/y) in Q1-24, even as pressures from costs (+152.2% y/y), operating expenses (+121.0% y/y) and […]