Dangote Cement Plc (DANGCEM) released its half year unaudited results for the period ended June 30 2015 recently.
From the result gathered;
Revenue rose by 15.94% y/y to N242.22 billion;
Gross profit also grew by 16.50% y/y to N157.71 billion (65.11% margin);
Operating profit as well grew by 9.30% y/y to N122.41 billion from N111.99 billion in 2014.
PBT and PAT respectively increased by 20.23% y/y to N128.73 billion and 27.63% y/y to N121.81 billion
This 27.63% y/y appreciation in the net profit results to a Earnings Per Share of N7.15 vs N5.60 in 2014.
As expected, the performance for the second quarter (April to June 2015) was equally remarkable as;
Revenue grew by 21.02% y/y to N127.48 billion;
Gross profit rose by 22.49% y/y to N82.97 billion;
Operating profit increased by 11.37% y/y to N63.97 billion;
PBT and PAT also grew by 8.33% y/y and 11.23% y/y to N58.56 and N53.19 billion respectively.
Also, the 11.23% y/y growth in the net profit results to a Earnings Per Share of N3.14 vs N2.83 in 2014.