Dangote Cement posts N74.7bn profit in first quarter


Nigeria’s largest cement producer, Dangote Cement has announced a gross profit of N74.7 billion for the three months ended 31st March 2015, indicating an increase of 10.5 percent over N67.63 billion recorded in the same period in 2014.
According to the cement giant’s unaudited results for first quarter of 2015, revenues rose by 10.8 to ₦114.7billion compared to N103.57 billion in the corresponding in 2014. The improvement in the first results was buoyed by with maiden contributions from non-Nigerian factories.
Net profit was up 44.1 percent to ₦68.6 billion in contrast to N47.62 billion in 2014 while earnings per share grew by …Read More

Source:: New Mail