Dangote Cement - October 2018

Dangote Cement saw its cement sales volume improve 7.6 per cent YoY to 17.8Mt in 9M18. Over the same period, group revenue advanced by 13.5 per cent to NGN685.29bn (US$1.88bn), while net profit rose by 2.7 per cent to NGN158.28bn. Group EBITDA increased by 14.6 per cent to NGN337.3bn, while EBITDA margins grew from 48.8 to 49.2 per cent.