Dangote Cement Plc reports N1.5tn revenue, grew profit by 30.24% in Q3 2023

Dangote Cement Plc on Thursday published its third quarter report for the period ended 30 September 2023.

The Group reported revenue of N1.515 trillion for the 9 months period, up by 28.66% form N1.177 trillion reported the previous year.

Profit after tax grew year on year by 30.24% to N277.548 billion from N213.101 billion reported the previous year.

Earnings per share of Dangote Cement stands at N16.29. At the share price of N310.1, the P/E ratio of Dangote Cement stands at 19.04x with earnings yield 5.25%.

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