Too Much Money: Dangote Cement Records N27.9bn In The First Three Months Of 2011

Dangote Cement Plc (DCP) a member of the Dangote Group has posted a Profit Before Tax (PBT) of N27.90 billion for the first quarter ended March 31, 2010.


Aliko Dangote


This represents a growth of 4.5 per cent from N25.45 billion recorded in the corresponding period of 2010.

The company in the financial period recorded a turnover of N54.51 billion compared to N49.87 billion in 2010.

According to the unaudited interim financial report approved by the Nigerian Stock Exchange (NSE), Dangote Cement gross profit rose from N26.73 billion to N28.83 billion in the review period.

Its operating profit also increased from N25.29 billion to N27.36 billion, while Profit After Tax (PAT) stood at N27.47 billion, a significant leap from N24.71 in 2010.

In the full year ended December 31, 2010, the company reported a turnover of N202.565 billion, as against N189.6 billion recorded for the preceding year.

While the company’s profit before tax rose by 58.9 per cent to N101.33 billion from the preceding year’s N63.8 billion, profit after tax increased by 73.7 per cent to N106.6 billion from N61.4 billion in 2009.