Dangote Cement Plc continued to maintain its dominance of the cement market in Nigeria and Africa, as it recorded revenues amounting to N901.21 billion.

According to its audited results for the year ended December 31, 2018, its Nigerian operations accounted for N618.30 billion, representing an increase of 11.9 percent over N552.36 billion in 2017, while African operations recorded revenues of N263.26 billion, an increase of 9.6 percent over N258.44 billion posted in the corresponding period in 2017.

The company’s Profit after tax (PAT) stood at N390.32 billion, up from N204.25 billion, while earnings per share rose from N11.65 to N22.83. The company directors are proposing a dividend of N16 per share.

Commenting on the results, Group Chief Executive Officer, Dangote Cement, Joseph Makoju, said: “This is a record financial performance by Dangote Cement, driven by a strong increase in our home market, Nigeria, despite heavy rains and uncertainties about the election. Although Pan-African volumes were unchanged in 2018, I am confident that we will see an increase in 2019, driven by higher volumes in Tanzania, Ethiopia, Congo and Sierra Leone. Now that we have gas turbines operating in Tanzania we will also see increased profitability in the Pan-Africa region and this will help to improve overall Group margins.”

A further analysis of the performance showed that Dangote Cement accounted for 65 per cent of the total volume sold in the domestic cement sector in 2018. The company also exported 800,000 metric tonnes (MT) of cement to West African countries, strengthening Nigeria’s position as a cement exporting country, creating jobs in the economy, and earning foreign exchange.

Dangote sold a total of 23.54 MT of cement across Africa indicating an increase of 7.4 per cent over 21.92 MT sold in 2017. Nigerian operations accounted for 14.18 MT representing an increase of 11.4 per cent over the volume of 12.72 metric tonnes sold during the preceding year. The increase in the Nigerian volume is attributable to higher building activities as the economy recovered from recession.

https://www.akelicious.net/2019/03/fy-2018-dangote-cement-records-n901bn.html

Nice one.

this man learns and that makes him good at what he does

This is an affirmation to the previous report of his rise in world's richest men rankings

Last time he was affected by the depreciation of the naira

He surely learnt from it and is forging ahead.

He's an inspiration, although one may hit lows or stumble on the road to success.

"FALL FORWARD" By learning from your mistakes and never repeating them again

Good morning.... Oh I made FTC yey!!!! What a good way to start the day and week at large.

Joseph Makoju

WAPCO ➡ NEPA CEO➡Special adviser (electricity) to Yar'Adua and Jonathan ➡ Special adviser to Dangote➡CEO Dangote Cement.

Ok

Wow! That's good news in a year we thought businesses made losses. It only shows what hard work and believe can bring even in an uncertain economy like ours.

Why won't it when they block the production of every other cement industry..

This news of increase left and right is just sweeti my belle

internationalman:
Why won't it when they block the production of every other cement industry..

Lafarge WAPCO

The rich getting richer

NEXT LEVEL TINZ

5 Naira journlist

internationalman:
Why won't it when they block the production of every other cement industry..

internationalman:
Why won't it when they block the production of every other cement industry..

They block it in Nigeria and also Tanzania, Ethiopia, Congo and Sierra Leone to achieve the growth right?

Time shall come

Nice one Dangote!
Evoque for sale
https://www.nairaland.com/5028905/quick-sales-cheap-registered-2012

internationalman:
Why won't it when they block the production of every other cement industry..

How exactly please?? You guys will just keep reiterating the nonsense you hear upandan, without recourse to how uninformed it makes you look!

internationalman:
Why won't it when they block the production of every other cement industry..

All these your stupid beer parlour gist is what you are spewing up and down. Elephant, Lafarge aren't producing cement abi. Better work hard and stop frequenting the beer parlour so unwise men would say foolish things about you, same way you are saying foolish things about Dangote

internationalman:
Why won't it when they block the production of every other cement industry..

lafarge still one of the largest producer of cement in Nigeria and other company too like Bua cement.
Stop hatred no Dangote business is monopolized in Nigeria only that is always stand as major players in those sectors.

The Idiot called Akume that sold our Benue to cement to Dangote ehn. It will never be well with him. He will continue to be a loser..

See money everywhere.....ecxess money

How can one monopolize cement production in Nigeria?

Joseph makoju still at dangote? Wow! The man has spent almost 40years in cement industry, he worked at wapco for long before joining dangote

internationalman:
Why won't it when they block the production of every other cement industry..

Yes, it also “blocked” the production of cement companies in Zambia, Tanzania, Ethiopia, Congo, etc., where it made improved profits?

olawaz1:
Joseph makoju still at dangote? Wow! The man has spent almost 40years in cement industry, he worked at wapco for long before joining dangote

He left for a while to run NEPA/PHCN under Obasanjo and as Special Adviser under Jonathan.

Who else thinks there should be seasoned competitors in this cement production industry

jesmond3945:
How can one monopolize cement production in Nigeria?

One cannot, because powerhouse global multinational cement manufacturers such as LaFarge, Blue Circle, Holcim (before the global mergers of Blue Circle and later Holcim into LaFarge), Scancem and Heidelberg has been operating in Nigeria since the 1960s (and even before), in addition to the strong domestic producer BUA (and hopefully Ibeto Cement in the next few years).

Obidikejr:
Who else thinks there should be seasoned competitors in this cement production industry

There are “seasoned competitors”. All of the world’s major multinational producers (LaFarge, Blue Circle, Holcim, Scancem and Heidelberg) have been operating in Nigeria since the 1960s (and before), albeit global mergers have reduced the number of global producers. In addition, the BUA Group has 21st century plants in Sokoto (2 different plants), Obu and Okpella in Edo State.

Dangote is fast becoming a religion o. Nationality: Nigerian
Religion : Dangote

Make e kuku ma buy Nigeria make we share the proceeds. Chai

9jaRealist:


One cannot, because powerhouse global multinational cement manufacturers such as LaFarge, Blue Circle, Holcim (before the global mergers of Blue Circle and later Holcim into LaFarge), Scancem and Heidelberg has been operating in Nigeria since the 1960s (and even before), in addition to the strong domestic producer BUA (and hopefully Ibeto Cement in the next few years).

but look at the staggering figures almost 1 trillion from just one arm of a conglomerate