Cement News tagged under: Dangote
Dangote sets sights beyond Africa24 September 2012, Published under Cement NewsDangote Cement is expanding out of Africa. While its chairman Aliko Dangote remains firmly committed to the continent and its 40Mta production capacity owned by the company, he has set his sights beyond its borders – starting with Iraq and Myanmar, where plant construction could start as early as next year. When asked why he is investing specifically in those locations, he gives the example of Myanmar. As the country opens up, the opportunity is currently there to invest but may disappear at... |
Dangote plans London listing by 3Q1311 May 2012, Published under Cement NewsAliko Dangote said on Thursday he was aiming to list his US$11bn cement company on the London stock exchange by the third quarter of 2013. "If the market is good by next year, we will hit the market, sometime. Maybe third quarter ... we will try," Reuters reported him as saying on the sidelines of the World Economic Forum in Addis Ababa. |
Dividend boost for Dangote shareholders06 April 2012, Published under Cement NewsDangote Cement Plc announced it will pay a cash dividend of NGN19.37bn, or NGN1.25 per share, according to the company’s financial statement released on the Nigerian Stock Exchanged yesterday. The directors a recommended a bonus issue of one new share for every one already held. Company turnover was noted at NGN235.70bn compared with NGN202.57bn a year earlier, indicating a 16% growth. Profit before tax rose by 14.6% to NGN139.08bn from NGN121.28bn while retained profit surged from NGN... |