Dangote Exports Cement to Ghana, Togo, Niger

• Dangote Exports Cement to Ghana, Togo, Niger

Nigeria’s dependence on imported cement appears to be a thing of the past as Dangote Cement Plc exported a total of 211 kilotons of cement to Ghana, Togo and Niger Republic for the first quarter.

The company’s volume in the Nigerian market also increased by 5.3 per cent to nearly four million tonnes for the period under review.

Announcing its audited results for the first quarter ended March 31, 2018 on the floor of the Nigerian Stock Exchange on Tuesday, Dangote Cement said its gross revenue increased by 16 per cent from N208.12bn in the corresponding period of 2017 to N242.1bn.

The company’s gross profit for the period rose from N120.36bn to N144.76bn, indicating an increase of 20.30 per cent.