Cement News tagged under: Dangote Cement plc
Dangote reports increase in group EBITDA of 27%28 October 2024, Published under Cement NewsDangote Cement Plc has reported strong financial results for the nine months ending 30 September 2024, with group revenue increasing by 69.1 per cent YoY to NGN2.56trn (US$1.56bn). Group EBITDA also rose by 37.1 per cent YoY to NGN908.7bn, maintaining a 35.5 per cent margin, despite inflationary pressures and currency depreciation. Profit after tax grew marginally by 0.6 per cent to NGN279.1bn, largely affected by FX losses, according to Arvind Pathak, CEO. In Nigeria volumes rebounded... |
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