Dangote Cement - May 2015
Dangote Cement has attributed its strong 1Q15 results to the arrival of its new African factories, improved gas supplies to its plants and the reallocation of production to tax-free facilities. The quarter saw revenue increase by 10.8 per cent to NGN114.7bn (US$576m) with gross profit advancing by a similar margin to NGN74.7bn. EBITDA grew by 13.9 per cent to NGN72bn, while cement volumes came in 3.4 per cent up at 3.8Mt.
