Dangote Cement boosts half year profit by 51.91% to N191.63bn

Dangote Cement has published its Second Quarter result for the period ended 30 June 2021 on the website of the Nigerian Exchange Group.

The result shows year on year growth in the top line and bottom line figures of the company.

A turnover of N690.545 billion was reported for the six months period, up by 44.81% from N476.852 billion reported the previous year.

Profit after grew by 51.91% to N191.630 billion from N126.143 billion reported the previous year.

Earnings per share (EPS) of the Cement manufacturing giant increased to N11.25 form the EPS of N7.40, which translates to 51.91% growth year on year.

At the share price of N248, the P.E ratio of Dangote Cement stands at 22.05x with earnings yield of 4.53%.

Leave a Reply

Your email address will not be published. Required fields are marked *