Dangote Cement reports N172bn as profit in HY 2022

Dangote Cement last week published its half year report for the period ended 30 June 2022.

A turnover of N808.037 billion was reported for the 6 months period, up by 17.01% from N690.545 billion reported the previous year.

Profit after tax of the Group dropped year on year by 10.19% to N172.104 billion from N191.63 billion reported in HY 2021.

Earnings per share of Dangote Cement stands at N10.10, down by 10.19% from the EPS of N11.25 achieved the previous year.

At the share price of N265, the P/E ratio of Dangote Cement stands at 26.24x with earnings yield of 3.81%.

Source: Dangote Cement reports N172bn as profit in HY 2022 – StocksWatch (stocksng.com)

Related Posts

09

Sep
Business & Economy

SEC Warns Nigerians Against Investing in CMTRADING

The Securities and Exchange Commission (SEC) has cautioned the public against investing in CMTRADING, a cryptocurrency and commodities trading platform. In a statement published on its official website, the Commission noted that CMTRADING falsely presents itself as a licensed operator under GCMT South Africa Pty Ltd by the Financial Sector Conduct Authority (FSCA) of South Africa and […]

02

Sep
Business & Economy

SEC launches redesigned website

The Securities and Exchange Commission (SEC) has officially launched its newly redesigned official website, making a significant approach toward enhancing digital engagement, regulatory transparency, and investor protection. The regulator, in a statement on Monday, said the upgrade introduces a modern design, enhanced functionality, and a streamlined user experience aimed at investors, market operators, and the general public. According to[…]