![]() ![]() However, its nine months ended September 2022 performance showed a growth in Profit before tax of 19 per cent from N 74.332billion in 2021 to N88.811billion in 2022. While cost of sales jumped from N33.496billion to N45.325billion in the review period, Earnings per share also took an equally deed plunge by as much as 43 per cent from 66 kobo to 33kobo. Meanwhile, the Dangote stock also lost 2 per cent from Octoto November 4, 2022.īUA Cement also posted a drop in profit for the three months ended September 2021 to 2022 by 41 per cent from N24.765billion in September 2021 to N14.433billion in September 2022. Through recent investments, Dangote Cement has eliminated Nigeria’s dependence on imported cement and has transformed the nation into an exporter of cement, and one serving neighbouring countries. The Gboko plant in Benue State has 4Mta, while the Okpella plant in Edo State has 3Mta. Obajana plant in Kogi State, Nigeria, is the largest in Africa, with 16.25Mta of capacity across five lines, while the Ibese plant in Ogun State has four cement lines with a combined installed capacity of 12Mta. He explained that the company recorded an increase in revenue of N1,177.3 billion, up 15.2% compared to last year, and Group EBITDA of ?515.9billion, up 0.2% with an EBITDA margin of 43.8%”ĭangote Cement, it would be recalled, is Africa’s leading cement producer with nearly 51.6Mta capacity across Africa.Ī fully integrated quarry-to-customer producer, it has a production capacity of 35.25Mta in its home market, Nigeria. ![]() ![]() ”In addition, we are ramping up our investment in compressed natural gas, CNG, to reduce our AGO usage.” We are on track to commission our alternative fuel feed system at Obajana lines I and V, and Ibese line II in November. To further increase the supply of cement across its operational base, the company also commissioned its power plant at Okpella and progressing well to deploy grinding plants in Ghana and Cote d’Ivoire.Ĭhief Executive Officer of Dangote Cement, Michel Puchercos, who disclosed this while presenting the third quarter results to the Nigerian Stock Exchange, weekend, further explained that “to mitigate the impact of the significant increase in energy and AGO costs, we are strengthening our efforts to ramp up the usage of alternative fuels.”So far this year, we have co-processed 101,553 tonnes of waste, representing a 77% increase in 2021. The cement manufacturing giant declined in its profit after tax by 23.41% year on year to N213.1 billion from N278.25 billion reported in Q3 2021.Įarnings per share of Dangote Cement stands at N12.51, down by 23.41 from the EPS of N16.18 reported the previous year. For the third quarter of 2022, the management of Dangote Cement has recorded an increase in the overall volume of cement sales by 6.2 percent to 20.8metric tons in the third quarter of 2022.Īccording to the company, this was achieved, despite the elevated inflation caused by a very volatile global environment. This represents a 15.17% growth compared to the N1.022 trillion it had reported the previous year. Some of these companies include Dangote Cement, BUA Cement and Airtel Africa.įor example, Dangote Cement in the Third Quarter of 2022 had hit N1.177 trillion as its revenue showing. Revenue rose 46 per cent to $473.2 million, about $7 million above analyst predictions.Aside the persisting economic crunch in the broader macro-economic arena, the sudden drop of the equities market has been blamed on the poor performance of the major and heavy stocks on the market platform. Analysts polled by FactSet predicted 34 cents per share. If not for the costs of employee stock compensation and certain other expenses, LinkedIn said it would have earned 38 cents per share. That contrasted with earnings of $22.6 million, or 20 cents per share, at the same time in 2013. LinkedIn lost $13.4 million, or 11 cents per share, during the first three months of the year. The page-view volume also exceeded the final three months of last year, an encouraging sign after user engagement had waned in the final half of last year. Total pages views - a telling indication of users' interest in an online service - reached 11.5 billion during the quarter, up from 11.1 billion at the same time last year. Another 19 million accounts were set up, and LinkedIn ended March with 296 million users. Some of LinkedIn's efforts appeared to pay off in the first quarter. ![]() This advertisement has not loaded yet, but your article continues below. Manage Print Subscription / Tax Receipt.Vancouver Sun Run: Sign up & event info. ![]()
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