Dangote Cement garners 158 billion profits In Q3, 2018

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Dangote Cement engages in the manufacturing, preparation, import, packaging, and distribution of cement and related products across the African continent.

The Africa largest producer of cement hits the market with its third quarter financial report, which revealed the company’s topline figure of N685 billion recorded in the third quarter, 2018 appreciated by 13.54%, above N603 billion recorded in the Q3’17.

The Company’s (PAT) Profit After Tax grew by 2.70%, to arrive at about N158 billion of the period under review from N154 reported in Q3’17.

The company earnings per share also advanced by 2.70% from Q3’17’s 9.04kobo to 9.28kobo recorded in the current period under review.

The current period’s PE Ratio is at 22.61x and the earnings yield at 4.42% with the stock worth of N210 per unit as at the date of computation.

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