Dangote Cement pretax profit rises, Nigeria

Nigeria’s leading producer Dangote Cement said on Thursday its pretax profit for the first half grew by 23 per cent YoY to NGN71.3bn (US$443m), from NGN58.1bn last year.

Turnover at the cement maker climbed to NGN142bn during the period, compared with NGN112.7bn a year ago, it said in a filing with the Nigerian Stock Exchange.