Dangote Cement 2013 FY profits up 40%

27 March 2014

Dangote Cement Plc, Nigeria’s largest company by market value and sub-Saharan Africa’s biggest cement produce, has just released its audited financial statement for year ended December 2013.

The results posted on the Nigeria Stock Exchange website showed the company grew revenue by 29.4% year on year to N386.17 billion in 2013 from N298.45 billion in 2012.

Profit before tax (PBT) for the year ended December 2013 climbed by 40% to N190.76 billion as against N135.64 billion in the same period 2012.

The results also showed Profit after tax increased by 38.73% N201.19 billion in 2013 from N145.02 billion in 2012.
By Bala Augie

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