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LequteMan
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Nigeria - Dangote Cement posted a profit after tax (PAT) of N121.808 billion in the six-month period ended June 30, 2015.
This indicates a 21.65 per cent increase over the N95.440 billion announced for the same period of last year.
According to the half-year results released on the floor of the Nigerian Stock Exchange (NSE) at the weekend, the cement company achieved a 20.23 per cent growth in profit before tax.
Its profit before tax grew from N107.070billion to N128.726billion in the period under review. This followed a 15.94 per cent rise in revenue, with the company realising N242.215billion revenue as against N208.909billion in the first half of 2014.
Dangote Cement grew its revenue to N114.7billion from N103billion in the first quarter of this year on the back of its expansion programme, which saw it commence operations in some African countries. Its net profit for the quarter also rose by 44.1 per cent to N68.6billion from N47.62billon in the first quarter of last year.
“Our new plants have made excellent starts across Africa in the first half of 2015 and our operations now stretch from Senegal across to Ethiopia and down to South Africa, making us a truly pan-African leader in cement," Chief Executive Officer, Dangote Cement, Onne van der Weijde, says.
This indicates a 21.65 per cent increase over the N95.440 billion announced for the same period of last year.
According to the half-year results released on the floor of the Nigerian Stock Exchange (NSE) at the weekend, the cement company achieved a 20.23 per cent growth in profit before tax.
Its profit before tax grew from N107.070billion to N128.726billion in the period under review. This followed a 15.94 per cent rise in revenue, with the company realising N242.215billion revenue as against N208.909billion in the first half of 2014.
Dangote Cement grew its revenue to N114.7billion from N103billion in the first quarter of this year on the back of its expansion programme, which saw it commence operations in some African countries. Its net profit for the quarter also rose by 44.1 per cent to N68.6billion from N47.62billon in the first quarter of last year.
“Our new plants have made excellent starts across Africa in the first half of 2015 and our operations now stretch from Senegal across to Ethiopia and down to South Africa, making us a truly pan-African leader in cement," Chief Executive Officer, Dangote Cement, Onne van der Weijde, says.
