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Monday, March 27, 2023

Dangote Cement’s Revenues Cross N1trn, Profits up 37%

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Dangote Cement, Nigeria’s largest listed company has released full year 2020 earnings showing a 15.98 percent rise in revenues to N1.034 trillion, while after tax profits surged by 37.68 percent to N276 billion.

Dangote Cement maintained gross profit margins of 57.65 percent for the period, while earnings per share jumped by 36.9 percent to N16.14.

The cement maker is set to pay a dividend of N16 per share, equivalent to a dividend yield of 7.02 percent.

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