- According to the recently published audited report of the Group, the Dangote Cement experienced robust growth in 2021, with a record PAT(Profit After TAx) of ₦364.4 billion, recording a 32 per cent growth.
According to the recently published audited report of the Group, the Dangote Cement experienced robust growth in 2021, with a record PAT of ₦364.4 billion, recording a 32 per cent growth.
While the Group volumes for the year rose by 13.8 per cent and its Earnings Before Interest, Taxes, Depreciation, and Amortization ( EBITDA) grew by 43.2 per cent to ₦684.6 billion at a 49.5 per cent margin. The gross profit of the company surged to N538.37 billion with after-tax profit of N364.44 billion. Earnings per share (EPS) climbed to N21.24 from N16.14.
Dangote Cement Plc has retained its position as the highest tax payer of around N173.93 billion for 2021 recording a78.7 per cent increase over N97.24 billion paid in 2020. According to the group’s audited results published on the portal of the Nigerian Exchange Ltd (NGX), the group’s sales volume stood at 29.3 metric tonnes. Out of this, Nigeria’s share stood at 18.61MTs while operations in other countries stood at10.86MTs. The Group recorded presented a robust performance in the year 2021,with a total revenue of N1.38 trillion against its revenue earned in 2020 at  N1.034 trillion. About N993.34 billion came from Nigeria while N397.32 billion came from other African plants. The statement claimed that the Group was able to perform well due to its sound business model, prudent and flexible approach, focus on efficiency, double-digit market growth and maintaining costs under control.
Read Also:
  https://trendsnafrica.com/dangote-cement-presents-trailblazing-performance/
  https://trendsnafrica.com/dangote-cement-q1-profit-climbs-to-n90-billion-riding-on-sales-boom/
