October 25, 2024/CSL Research Dangote Cement’s recently released unaudited results for the first nine months of 2024 showed a remarkable Revenue increase of 69.1% y/y, rising to N2.56 trillion from N1.51 trillion in the same period of 2023. However, on a q/q basis, Revenue declined by 15.1%, reaching N800.52 billion […]
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Dangote Cement Plc Q3-24: Rising Cost and Currency Pressures Weigh on Earnings
October 25, 2025/Cordros Report DANGCEM published their Q3-24 unaudited financials today (25 October), reporting a 9.9% y/y decline in Q3-24 standalone PAT with EPS declining by 6.8% y/y to N5.29. The earnings decline was mainly due to a 60.4% y/y growth in COGS (ex-depreciation), and a 406.3% y/y increase in […]
Nigerian Stocks End Week Bullish +1.4%, Buoyed by Blue Chips
Accordingly, the All-Share Index advanced by 1.4% w/w to 99,448.91 points, following strong investors’ interest in SEPLAT (+9.3%) after the Federal Government approved Seplat Energy Plc’s acquisition of Mobil’s assets, and bargain-hunting in UBA (+18.5%), OANDO (+16.4%), and FBNH (+10.6%). October 25, 2024/Cordros Report Global According to S&P Global, the […]
