Dangote Cement pays N16 per share dividend



.... realises N200bn profit

Dangote Cement Plc investment across Africa is bearing the desired results as Pan-African sales volume grew in the year 2019, hitting 9.6Mt from 9.4Mt.

According to the full year report released on the floor of the Nigerian Stock Exchange, Dangote Cement Plant, Mtwara, Tanzania, recorded an increase of 94 per cent increase in volume within the review period.
Dangote Cement Plant, Pout, Senegal, put up a remarkable performance with sales up more than 100 per cent of rated capacity.
The board has proposed a final dividend of N16 per share subject to ratification by the shareholders at the coming annual general meeting (AGM).
Speaking on the result, GroupChief Executive Officer, Dangote Cement, Joe Makoju, said: “Dangote Cement maintained strong financial performance despite a low growth environment, pricing pressure and increasing competition in key markets.  The Nigerian operations maintained volume and revenue performance in a challenging environment. Export sales were affected by the border closure in the second half of 2019. Looking ahead, I expect an increase in volumes in 2020 as we commence clinker exports via shipping from Nigeria.

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