Cement market Archives

Cement makers’ Debt to Equity ratio falls as margins improve

Opeyemi Kalejaiye, Favour Ashinze & Joshua Olukayode Jun 13, 2022 0

Nigeria’s largest cement makers, Dangote Cement Plc, Lafarge Africa Plc and BUA Cement Plc have seen debt to equity ratio reduce as higher margins gave them the leeway to pay off debt. In…

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Cement makers’ bumper Q1 earnings fail to reflect in share performance

Mercy Ayodele May 12, 2021 0

Dangote Cement, Lafarge (WAPCO) and BUA Cement, Nigeria’s largest cement makers, recorded a combined profit growth of 37 percent in the first quarter (Q1) of 2021, but the bumper earnings…