Dangote Cement PLC FY-2020 shows a 15.98% growth in revenue from ₦891.97bn to ₦1.03tn. The remarkable growth in revenue during an economically turbulent year may be attributed to the export concession that was granted to Dangote Cement while the borders were closed to trade.

Cost of Sales also increased by 15.26%, however, the Net Finance Cost was substantially reduced by 72.83%. Dangote Cement’s Gross Profit and Operating Profit grew by 16.52% (₦596.23bn) and 28.96% (386.73bn) respectively, compared to the ₦511.68bn and ₦299.89bn recorded in 2019.

Finance Income Growth Facilitates a Growth in Profit

The Profit before Tax grew by 49.04%, from ₦250.47bn to ₦373.31bn. Despite a 94.65% increase in Taxation, Profit After Tax advanced by 37.68% from ₦200.52bn to ₦276.07bn in the current period. This was supported by a 292% increase in finance income, resulting from a low yield environment that increased income from their financial assets.

SOURCE: https://brandnewsday.com/2021/03/24/dangote-cement-revenue-breaks-%e2%82%a61tn-amid-15-increase-in-cost-of-sales/

God Bless Dr. Aliko Dangote

For those hating on Dangote, Dangote Group is no longer Pan Nigeria Group only , but also Pan Africa Group with industries in Senegal, Kenya, Tanzania, Zambia, Zimbabwe and South Africa.


Keep on being part of children of 8, before you know , he will be in India , Mexico and United States.

God ,once again , Bless Aliko Dangote
God Bless Federal Republic of Nigeria
God Bless Mama Africa

by jerking price of a bag of cement from 2k to 4k abi??

Why won't they double their inflow when he is the only major player in the industry.
No market competition, no challenge.

Not surprised. All the signs were clearly written before this declaration. Oil may follow anytime soon.