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DANGOTE CEMENT PLC : H1 2015 PERFORMANCE – PAT ROSE BY 27.6% y/y

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Jul

July 31, 2015
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in Company Reports

 

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.

 

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