Dangote Cement grow top line, bottom line figures in Q1 2021

Dangote Cement last week published its first quarter report for the period ended 31 March 2021.

The cement manufacturing giant in Q1 2021 achieved growth in its top line and bottom line figures when compared to the figures reported in Q1 2020.

The turnover of the Group grew by 33.5% to N332.651 billion from N249.182 billion reported in Q1 2020.

Profit after tax for the period under review appreciated by 48.06% to N89.710 billion from N60.592 billion reported in Q1 2020.

Earnings per share of Dangote Cement for the period under review increased to N5.26 from the EPS of N3.56.

At the share price of N217, the P.E ratio of Dangote Cement stands at 41.22x with earnings yield of 2.43%.

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