Though high cost of sales continue to pose threat to profit and dividend of listed equities, particularly those in the building sector of Nigerian Stock Exchange, the duo of Dangote Cement and Lafarge Africa, manufacturers of Elephant brand of cement, still remains investors’ toast in the industry.

Both companies continued to show resilience in the face of the seemingly harsh operating conditions in the country as key performance measuring indices continue to grow.

Going by absolute financial figures and ratios generated from both companies’ nine month audited financial report for the period ended September 30, 2015, one could confidently argue that both Dangote Cement and Lafarge Africa are leaders in the cement industry in Nigeria.

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