Wednesday, November 6, 2013

Dangote Cement of track to dominating African market - posts $952 million in 3rd quarter profit

Aliko Dangote - founder and Chairman Dangote Group. PHOTO/File

Dangote Cement reported a growth of 28.7 percent in revenue and 39.4 percent in profit for the 9 months ending on 30 September 2013.

According to the un-audited results, profit before tax rose to US$952 million, an increase of US$284 million on 2012, while operating profit rose by 36.4 percent to US$989 million. Revenue for the period increased by US$404 million (28.7 percent) to US$1.8 billion, compared to US$1.5 billion

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