Dangote Cement’s Pre-tax Profit Hits ₦‎166 Billion

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Dangote Cement’s Pre-tax Profit Hits #166 Billion

The corporation bucked the price of a tonne of cement dramatically, setting it 78 per cent higher than a year ago.

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.

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