Full Year 2017: Dangote Cement Plc Recorded A Growth Of 30.9% In Revenue

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In a Dangote Cement Plc recent results for the financial year ended December 31st, 2017, revenue and bottom-line were grown by 30.9% and 42.9% respectively.

  • The strong revenue came in on the back of input cost induced price increase of its cement despite 5.8% decline in production volume.
  • Despite that the business line is more capital intensive, cost of sales only grew by a single digit (8.48%) rate. This is fairly impressive. This was
    necessitated by 0.62% drop in the cost of fuel and power compared to 2016 as the firm switched to gas-powered plant.
  • A debt-to-equity ratio of 1.1x is good and shows that the company’s geared ratio is low.
  • A dividend of ₦10.50 has been proposed, translating to a dividend yield of 3.96% against closed market price of N346.90 as at March 22nd.

GTI Research
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