Earnings Report: Dangote Cement Increase EPS by 49.5% To N6.20 For 2013 H1

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Dangote Cement released its 2013 results with revenues rising 29% to N198.4billion. Gross Profit at the end of the period was N132.1billion an increase of 43.8% compared to the same period last year. Gross operating profit margin was 66.6% compared to 60% same time last year. The company’s pre-tax profit was N107.6billion 52% higher than what was achieved same period last year. Earnings per share at the end of the period will rise 49.5% to N6.20 compared to N4.15 same period last year.

Dangote Cement released its 2013 H1 results in the website of the NSE