Dangote Cement Profit Slides By 23.52% In First Quarter 2016

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Dangote Cement, one Nigeria’s most capitalized listed firms, has recorded a fall in its profit after tax (PAT) for the period ended March 31, 2016.

The company saw a drop of 23.52 per cent to N52.77 billion from N68.62 billion recorded a year ago.

Similarly, profit before tax (PBT) dipped 22.85 per cent to N54.53 billion from N70.16 billion posted the same period of 2015.

However, revenue of Dangote Cement jumped to N140.52 billion in the Q1 period of 2016 from N114.73 billion declared in Q1 of 2015, the cement producer said in a filing with the Nigerian Stock Exchange, NSE.

 

 

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