Dangote Cement Plc reports N1.76tn revenue in Half Year 2024

Dangote Cement Plc on Thursday published its Second Quarter report for the period ended 30 June 2024.

The Cement manufacturing giant reported revenue of N1.76 trillion for the 6 months period, up by 85.11% from N950.83 billion reported the previous year.

The Group reported profit after tax of N189.9 billion for the 6 months period, up by 6.33% from N178.6 billion reported the previous year.

Earnings per share of the Group stands at N11.14.

At the share price of N656.7, the P/E ratio of Dangote Cement stands at 58.93x with earnings yield of 1.70%.

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