Dangote Cement Plc reported earnings results for the second quarter and six months ended June 30, 2024. For the second quarter, the company reported sales was NGN 942,705 million compared to NGN 544,110 million a year ago. Net income was NGN 76,571 million compared to NGN 66,590 million a year ago. Basic earnings per share from continuing operations was NGN 4.57 compared to NGN 3.95 a year ago.
For the six months, sales was NGN 1,760,055 million compared to NGN 950,832 million a year ago. Net income was NGN 188,552 million compared to NGN 175,251 million a year ago. Basic earnings per share from continuing operations was NGN 11.26 compared to NGN 10.39 a year ago.
Dangote Cement Plc specializes in producing and marketing cement.
In 2022, the group sold 27.8 Mt of cement and 0.3 Mt of clinker.
Net sales are distributed geographically as follows: Nigeria (74.4%) and Africa (25.6%).
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