P
ProfRem
Guest
Leading cement manufacturer, Dangote Cement Plc, has recorded an increased revenue of profit by 3 percent for the full year ended 31st December 2016 at N186.6 billion from N181.3 billion, the Company’s financial report released on Tuesday at the Nigerian Stock Exchange indicated.
The Group’s financial results released on revenue was 25.1 percent up from N491.7 billion to N615.1 billion in 2016, profit before tax fell by 3.9 percent to N180.9 billion from N188.3 billion in 2015 while earnings per share grew 4 percent to N11.34 from N10.86
The group’s shareholders’ funds stood at N797.3 billion from N644.7 billion, representing a growth of 24 percent.
Dangote cement board of directors proposed a dividend of N8.50 kobo per share, amounting to N144.8 billion for approval by shareholders at the company’s next annual general meeting.
Dangote Cement is Africa’s leading cement producer with nearly 44 mt capacity in three plants it operates in Nigeria.
The company sold a total of 8.6 million metric tons of cement outside Nigeria, which is 54 per cent more than what was sold in 2015.
TRENDING: Aliko Dangote Ends Cement Importation in Nigeria
The Group’s financial results released on revenue was 25.1 percent up from N491.7 billion to N615.1 billion in 2016, profit before tax fell by 3.9 percent to N180.9 billion from N188.3 billion in 2015 while earnings per share grew 4 percent to N11.34 from N10.86
The group’s shareholders’ funds stood at N797.3 billion from N644.7 billion, representing a growth of 24 percent.
Dangote cement board of directors proposed a dividend of N8.50 kobo per share, amounting to N144.8 billion for approval by shareholders at the company’s next annual general meeting.
Dangote Cement is Africa’s leading cement producer with nearly 44 mt capacity in three plants it operates in Nigeria.
The company sold a total of 8.6 million metric tons of cement outside Nigeria, which is 54 per cent more than what was sold in 2015.
TRENDING: Aliko Dangote Ends Cement Importation in Nigeria
