DANGCEM PAT Slumps by 16% in Q1’19

Dangote Cement Plc has reported 16% decline in its Profit after Tax for the period ended March 31st, 2019. According to the company’s results released to the market on the 29th of April, 2019 the bottom line figures for the period under review stood at N60 billion after  dropping from N72 billion recorded in Q1 2018.

The company ended the period with N240 billion total Revenue to close 0.81% lower than N242 billion recorded in 2018

The group’s earnings per share dropped also by 16.46% from 423 kobo to 354 kobo in the current period of Q1’19.

The leader in production and sales of Portland cement however has its current PE Ratio standing at 52.86x with about 1.89% earnings yield for an equity price of N186.90, it closed last Friday

Dangote Cement Plc is a producer of cement, and operates plants for the preparation, manufacture and distribution of cement and related products. The Company operates through two segments: Nigeria and Pan Africa. The Company, through its subsidiaries, is engaged in exploration, coal production, cement grinding, power production and limestone mining operations, among others. Its Nigerian operations include its three manufacturing plants in Nigeria: Obajana Cement Plant in Kogi State, Gboko Cement Plant in Benue State and Ibese plant in Ogun State.

Its Pan African operations include its factories or import facilities in Cameroon, Ethiopia, Ghana, Senegal, South Africa, Tanzania and Zambia. It is also focused on operating in Congo and Sierra Leone. Its subsidiaries include Dangote Cement South Africa (Pty) Limited, Dangote Industries (Ethiopia) Plc, Dangote Industries Limited, Tanzania, Dangote Cement Cameroun S.A and Dangote Cement Senegal S.A.

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