Sunday, November 18, 2012

Dangote Cement projects a profit of $910 million in 2012

Aliko Dangote. PHOTO/File

(Reuters) - Nigeria's biggest listed company, Dangote Cement revealed early this month that it expects pretax profit to hit 143 billion naira (US$910 million) in 2012 on strong local demand, compared to 118 billion naira (US$750 million) it achieved last year.

Dangote Cement shares closed up almost 1 percent at 121.25 naira (US$ 0.77).

The limestone mixer said it forecasts were based on selling 2.6 metric tons of cement in the last quarter of the year and on

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