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)

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