Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nigerian Stock Exchange  >  Dangote Cement Plc    DANGCEM   NGDANGCEM008

DANGOTE CEMENT PLC

(DANGCEM)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Dangote Cement : Posts Impressive Nine Months' Results

11/09/2020 | 08:06am EST

Dangote Cement Plc, Africa's largest cement producer, has announced a revenue of N761.4 billion for the nine months ended September 30, 2020, showing an increase of 12 per cent compared with N679.8billion in the corresponding period of 2019.

Domestic operations accounted for N535.51 billion which compared to N467.88 billion, up by 14.5 per cent, while Pan-Africa operations contributed N232.61 indicating a9.1 per cent increase over N213.20 billion in 2019.

Profit before tax rose 37.6 per cent to N271.96billion in 2020, from N197.68 billion, just as profit after tax grew by 35.2 per cent from N154.35 billion to N208.69billion.

Commenting, Group Chief Executive Officer, Dangote Cement, Michel Puchercos, said: "I am delighted to report that Dangote Cement experienced its strongest quarter in terms of earnings before interest, tax, depreciation and amortisation (EBITDA) and strongest third quarter in term of volumes. Despite a challenging environment, group volumes for the nine months were up 6.6 per cent and group EBITDA was up 17.1 per cent , at a 46.6 per cent margin.

According to him, this quarter has really shown the ability of Dangote Cement to meet the strong recovery of the cement market in Nigeria and pan-Africa after a challenging second quarter (Q2.

"In Nigeria, we have witnessed a strong appetite for real estate investment and the recovery of infrastructure spending - including more concrete roads. Sales volumes in Nigeria were up 40 per cent in the quarter and pan-Africa reached a record high EBITDA margin of 24 per cent in the quarter," he said.

Puchercos said the company continued to focus on its export strategy and is on track to ensure West and Central Africa become cement and clinker independent, with Nigeria as the main supply hub.

"Clinker exports have steadily been ramping up in Q3 after our maiden shipment in June 2020, whilst land exports have also resumed. Dangote Cement's strategy to offer high quality products at competitive prices is meeting customers' expectations in Nigeria and across the continent, where we continue to deploy excellent marketing initiatives and operational excellence across the continent.

We remain committed to protecting our staff and communities by being fully compliant with health and safety measures in all our territories of operation. We are focused on adapting to the rapidly evolving markets in which we operate," he said.

Copyright This Day. Distributed by AllAfrica Global Media (allAfrica.com)., source News Service English

All news about DANGOTE CEMENT PLC
01/19DANGOTE CEMENT : NSE - Profit-Taking in Dangote Cement, Flour Mills Puts a Stopp..
AQ
01/18FMN, Dangote Sugar, Others, Drive Equities to New Height
AQ
01/18DANGOTE CEMENT : Completes Nigeria's Longest Concrete Road
AQ
01/14DANGOTE CEMENT : Leveraging Expansion Under AfCFTA
AQ
01/13Nigerian Stocks Gain N76bn Amid Buy Pressure On Dangote Cement, Ardova
AQ
01/12DANGOTE CEMENT : Buys Back N9.8 Billion Worth of Shares
AQ
01/11ALIKO DANGOTE : Nigeria's Dangote Cement pays $25.6 million in first buyback tra..
RE
01/11DANGOTE CEMENT : Loses $900m, Drops Eight Places On Billionaires List
AQ
01/11DANGOTE CEMENT : to Leverage Expansion, New Trade Routes Under AfCFTA
AQ
2020DANGOTE CEMENT : Govt Plans to Boost Domestic Gas Usage By Q1 2021
AQ
More news
Financials
Sales 2020 921 B 2 438 M 2 438 M
Net income 2020 210 B 555 M 555 M
Net Debt 2020 - - -
P/E ratio 2020 16,4x
Yield 2020 4,93%
Capitalization 4 022 B 10 514 M 10 641 M
Capi. / Sales 2020 4,36x
Capi. / Sales 2021 4,06x
Nbr of Employees 16 245
Free-Float 13,8%
Chart DANGOTE CEMENT PLC
Duration : Period :
Dangote Cement Plc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends DANGOTE CEMENT PLC
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 7
Average target price 186,16 NGN
Last Close Price 236,00 NGN
Spread / Highest target -10,6%
Spread / Average Target -21,1%
Spread / Lowest Target -37,5%
EPS Revisions
Managers and Directors
NameTitle
Michel Puchercos Group Chief Executive Officer, Group MD & Director
Aliko Dangote Chairman
Guillaume Moyen Group Chief Financial Officer
Sani Dangote Non-Executive Director
Olakunle Alake Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
DANGOTE CEMENT PLC-3.63%10 556
ANHUI CONCH CEMENT COMPANY LIMITED-0.21%40 861
LAFARGEHOLCIM LTD0.82%33 845
JAMES HARDIE INDUSTRIES PLC-0.63%12 984
SHREE CEMENT LIMITED-3.15%11 494
TAIWAN CEMENT CORP.-5.32%8 658