Leading cement manufacturer, Dangote Cement Plc, has declared a profit after tax of N181.3 billion for the financial year ended Dec. 31, 2015.
This was contained in the company’s audited result released by the Nigerian Stock Exchange, NSE, on Tuesday, March 1, in Lagos.
Also, the group profit after tax grew by 13.7 per cent. According, the firm is paying N8 per share as dividend for audited results for the year ended December 31, 2015.
Highlights of the result showed tha revenue up by 25.6 per cent to 491.7 billion as new plants perform strongly across Africa. Earnings before interest, taxes, depreciation and amortization (EBITDA) up by 17.5 per cent to 262.4 billion at 53.4 per cent margin.
This showed that all plants profitable across Africa. Also, earnings per share appreciated by 15.2 per cent to 10.86
Also, dividend went up by 33.3 per cent to 8 per share at 73.7 per cent payout ratio.
Group cement volumes rose by 35 per cent to nearly 19 million tonnes, price reduction drives strong rebound in Nigerian market in the fourth quarter as volumes up 36 per cent and full-year volumes up 3.2 per cent despite severe economic challenges.
