Global site navigation

Local editions

Dangote Cement posted a record profit after tax of N210.2 bn.
Business and Economy

Dangote Cement posted a record profit after tax of N210.2 bn.

by  Khadijah Thabit 1 min read

The largest capitalised company on the Nigerian Stock Exchange, Dangote Cement, has posted a record profit after tax (PAT) equal to N210.2 billion for the company and N201.2 billion for the group.

These figures were contained in the latest audited account released in Lagos.

In 2012, the cement manufacturing octopus made a PAT of N145 billion for the group and N146 billion for the company. 

Gross profit stood at N243 billion for the company last year, as against N146 billion earned in 2012.

The company reported an increase of about N100 billion in its turnover, from N298 billion for the group in 2012 to N386 billion last year. 

Earnings per share was N11.85, according to the group performance, while in 2012, each share earned N8.52.

The company has not indicated what it intends to pay as dividend to its shareholders.

 

Source: Legit.ng

Authors:
Khadijah Thabit avatar

Khadijah Thabit (Copyeditor) Khadijah Thabit is an editor with over 3 years of experience editing and managing contents such as articles, blogs, newsletters and social leads. She has a BA in English and Literary Studies from the University of Ibadan, Nigeria. Khadijah joined Legit.ng in September 2020 as a copyeditor and proofreader for the Human Interest, Current Affairs, Business, Sports and PR desks. As a grammar police, she develops her skills by reading novels and dictionaries. Email: khadeeejathabit@gmail.com

Hot: