DANGOTE Cement Plc said on Thursday its first quarter (Q1) 2015 pretax profit for the period ended March 31, 2015, soared 50.6 percent to N84.36 billion from N56.02 billion recorded a year earlier.
Also, profit for the year increased by 64 percent to N82.67 billion from N50.47 billion posted in the Q1 of 2014.
Revenue of Dangote Cement owned by Aliko Dangote, Africa’s richest person, grew marginally from N99.76 billion to N101.37 billion posted the same period of 2014; indicating a growth of the same margin of 64 percent, Dangote Cement sad in a filing with the Nigerian Stock Exchange, NSE.
The company’s profit before tax in the review period inched up slightly two percent to N154.05 billion from N151.72 billion reported in the Q3 of 2013.
The cement maker said its revenue in the period grew 7.63 percent to N310.21 billion from N289 billion posted in the third quarter of 2013.
Similarly, gross profit inched up marginally to 1.53 percent as Dangote Cement declared N199.7 billion in the review period compared to N196.9 billion in the third quarter of 2013.
At the end of the day’s transaction on the floor of the Nigerian bourse, share price of Nigeria’s top cement maker rose slightly 0.02 percent as sales opened at N214.95 and closed N215.00 gaining 0.05 kobo.


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