Dangote Cement Plc, Africa’s leading cement producer reported profit after tax (PAT) of N119.24billion in the half-year (H1) ended June 30 as against N113.16billion in the corresponding H1 period of 2018. This indicates 5.4percent increase.
The company which released its result at the Nigerian Stock Exchange (NSE) on Monday July 29 reported revenue of N467.730billion in H1’19, representing a decline of 3percent as against revenue of N482.439billion recorded in H1’18.
Though, its pre-tax profit at N155.48billion in H1’19 against N185.53billion in H1’18 represents a decline of 16.2percent.
Dangote Cement share price was unchanged at N170 per share on Monday July 29. This represents a decline of 10.4percent year-to-date (ytd) outperforming the NSEASI with negative return of 11.07percent in the same period.
In the review half year period, the group’s earnings per share (EPS) increased by 6.2percent to N7.01 from N6.60 in H1’18.
Iheanyi Nwachukwu
Iheanyi Nwachukwu, is a creative content writer with almost two decades journalism experience writing on banking, finance, capital markets, and tax. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos.
Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA).
Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.
