Dangote Cement pretax profit advances, Nigeria

Dangote Cement said its pre-tax profit rose to NGN118.28bn (US$750.70m) in 2011, compared with NGN117.84bn in the previous year.

Nigeria's biggest capitalised company proposed a 1.25 naira per share dividend, plus one bonus share for each 10 held.

Turnover rose marginally to NGN235.91bn, compared with NGN235.70bn in the previous year, the company results said.