Log in
E-mail
Password
Show 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
  1. Homepage
  2. Equities
  3. Nigeria
  4. Nigerian Stock Exchange
  5. Dangote Cement Plc
  6. News
  7. Summary
    DANGCEM   NGDANGCEM008

DANGOTE CEMENT PLC

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

Dangote Cement : Receives Highest Civilian Honour in Cameroon

06/25/2021 | 05:06am EDT

Pledges expansion in investment

President/Chief Executive of Dangote Industries Limited, Aliko Dangote has received the highest civilian honour in Cameroon - the Commander of the National Order of Valour - from the President of the Republic, Paul Biya.

According to President Paul Biya, the landmark honour was conferred on Dangote in recognition of his efforts in infrastructural development of Cameroon and Africa through his cement plants.

The President, at a conferment ceremony held at the Unity Palace, Yaoundé expressed pride at Dangote's various efforts to promote industrialisation across Africa through the building of cement plants in several African countries.

He noted that these plants have provided thousands of direct and indirect employment at their various locations, to boost the economies of their host countries, just like in Cameroon.

He urged the leading African investor to consider more investments in the manufacturing sector in Cameroon, explaining that there are numerous business opportunities in the country. He maintained that his government is focused on promoting a business-friendly environment to make the country more attractive and an investors' destination.

In his response, Dangote thanked President Biya and the people of Cameroon for the great honour done to him in the award of the nation's highest civilian honour.

He disclosed that there are plans to diversify the group's investments in Cameroon, starting with energy. He said, "We have plans to expand our investment to other sectors beginning with oil and gas while our capacity in cement will be expanded".

He commended the Cameroonian government for providing an enabling environment, which aided the successful completion of the Dangote Cement plant. He also expressed appreciation for the support provided by the President and cabinet in solving the challenges encountered in the construction of the plant.

He said, "At the inception of our construction activities at the plant, we encountered several challenges, but the government stepped in and ensured that we overcame these initial problems.

"Also, the incentives by the Government to investors are encouraging. We feel very much at home here in Cameroon because of the business-friendly environment. If demand for cement increases, we will increase the capacity of the plant and make the country self-sufficient in cement production."

Dangote Cement Cameroon SA, part of Dangote Cement Group was commissioned six years ago, and has boosted domestic cement production, reduced partly the domestic deficit, and helped in holding down the price of a bag of cement in the country.

Dangote Cement is sub-Saharan Africa's largest cement producer with an installed capacity of 48.6Mta across 10 African countries and operates a fully integrated "quarry-to-customer" business with activities covering manufacturing, sales, and distribution of cement. It has a long-term credit rating of AAA+ by GCR and Aa2.ng by Moody's due to its market leading position, significant operational scale and strong financial profile evidenced by the company's robust operating and net profit margins relative to regional and global peers, adequate working capital, satisfactory cash flow and low leverage.

Dangote Cement is a subsidiary of Dangote Industries Limited, a diversified and fully integrated conglomerate as well as a leading brand across Africa in businesses such as cement, sugar, salt, beverages, and real estate, with new multi-billion-dollar projects underway in the oil and gas, petrochemical and agricultural sectors. It recently rolled out its fertiliser products into the local market, with plans for export while meeting local demand to boost agriculture.

Vanguard News Nigeria

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

All news about DANGOTE CEMENT PLC
09/03DANGOTE CEMENT : Police Recover Stolen Dangote Truck, 900 Bags of Cement
AQ
08/31Nigerian Stocks Fall After Sell-Offs in Industrial Goods, Energy Shares
AQ
08/26DANGOTE CEMENT : Pledges to Boost Engineering, Bags Multiple Awards
AQ
08/16DANGOTE CEMENT : - Significant Increase in Revenue Thrusts Profits
AQ
08/16DANGOTE CEMENT : Rewane - How Nigeria Can Attract More Foreign Direct Investment..
AQ
08/11DANGOTE CEMENT : Amcon Denies Plans to Take Over Dangote Refinery
AQ
08/11DANGOTE CEMENT : Is the Only Nigerian On Bloomberg Billionaires' List
AQ
08/11DANGOTE CEMENT : Only Nigerian On Bloomberg's Top Billionaires' List
AQ
08/05DANGOTE CEMENT : Seven People 'Killed', Dangote Trucks Set Ablaze As Okada Rider..
AQ
08/05DANGOTE CEMENT : Trucks Set Ablaze As Okada Riders Clash Escalate
AQ
More news
Financials
Sales 2021 1 267 B 3 081 M 3 081 M
Net income 2021 373 B 907 M 907 M
Net Debt 2021 348 B 847 M 847 M
P/E ratio 2021 11,7x
Yield 2021 7,48%
Capitalization 4 165 B 10 118 M 10 134 M
EV / Sales 2021 3,56x
EV / Sales 2022 3,19x
Nbr of Employees 16 199
Free-Float 11,5%
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
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 10
Last Close Price 245,00 NGN
Average target price 250,24 NGN
Spread / Average Target 2,14%
EPS Revisions
Managers and Directors
Michel Puchercos Group Chief Executive Officer, Group MD & Director
Guillaume Moyen Group Chief Financial Officer
Aliko Dangote Chairman
Emmanuel Ikazoboh Independent Non-Executive Director
Ernest Chukwudi Ebi Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
DANGOTE CEMENT PLC0.04%10 118
HOLCIM LTD-3.52%30 827
ANHUI CONCH CEMENT COMPANY LIMITED-3.71%28 845
JAMES HARDIE INDUSTRIES PLC41.16%17 465
SHREE CEMENT LIMITED27.26%14 965
TAIWAN CEMENT CORP.17.36%11 524