Dangote Cement Plc reported earnings results for the third quarter and nine months ended September 30, 2024. For the third quarter, the company reported sales was NGN 800,518 million compared to NGN 563,769 million a year ago. Net income was NGN 88,636 million compared to NGN 95,586 million a year ago. Basic earnings per share from continuing operations was NGN 5.29 compared to NGN 5.68 a year ago.
For the nine months, sales was NGN 2,560,573 million compared to NGN 1,514,601 million a year ago. Net income was NGN 277,188 million compared to NGN 270,837 million a year ago. Basic earnings per share from continuing operations was NGN 16.55 compared to NGN 16.08 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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