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Q1 2019 Financial Result : Dangote Cement Plc Earning Drops - Investment - Nairaland

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Q1 2019 Financial Result : Dangote Cement Plc Earning Drops by sirchikero: 2:16pm On Apr 29, 2019
Dangote Cement Plc has released its financial statement for the three months ended March 31st 2019. Below are key highlights of the result:Revenue: The company’s revenue for the period declined from N242 billion in the first quarter of 2018, to N240 billion in Q1 2019. This represents a 0.82% decrease.Gross Earnings: Gross earnings also reduced from N144 billion in 2018, to N140 in 2019; representing a 2.77% decrease.Profit Before Tax: Profit before tax fell from N108 billion in 2018, to N78 billion in 2019, representing a decrease of 27.77%.Profit After TaxProfit after tax dropped from N72 billion in 2018, to N60 billion in 2019, representing a reduction of 16.66%.Earnings Per Share: Earnings per share also dropped from N4.20 in 2018, to N3.54 in 2019.
READ MORE https://www.naijanewsng.com/q1-2019-financial-result-dangote-cement-plc-earning-drops/

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