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Headline : UPDATED: Dangote Cement’s pre-tax profit hits N166 billion amidst surge in cement price

Read more from the original article on here at www.premiumtimesng.com.





Tags : #updated #dangote #cements #pretax #profit #hits #n166 #billion #amidst #surge #cement #price


No. of Paragraph 32

Dangote Cement, Africa’s biggest cement maker, hit its all-time peak for quarterly revenue in the year to March as the price of the binder nearly doubled year-on-year.

In February, the retail price of cement rose to between N10,000 and N12,000 across many parts of Nigeria, weeks after it was sold for prices ranging between N5,000 and N6,000 earlier in January.

Dangote Cement’s turnover is now N817.4 billion, according to its latest earnings report.

Revenue received a boost from an output expansion of 26.1 per cent in Nigeria, its home operation, where consignments comprising seven ships of clinker were transported to neighbouring Cameroon and Ghana during the period, boosting exports.

Read more from the original article on here at www.premiumtimesng.com.


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