Dangote Cement - April 2014

Dangote Cement has reported a 29.4 per cent rise in revenue to NGN386.2bn (US$2.45bn) for 2013. The group’s cement sales volumes for the year were up 28.2 per cent to 13.3Mt, outshining the Nigerian cement market, which rose by 15.6 per cent to 21.2Mt. The company also saw its pretax profit increase by 40.6 per cent to NGN190.8bn (US$1.21bn). The company estimates its market share to have risen to 62.8 per cent for 2013. Around 58 per cent of cement sold was delivered directly to customers, compared to about 30 per cent in 2012. This proportion is expected to increase even further in 2014. 

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