Defying the Pandemic, Dangote Cement Posts N276bn 2020 Profit

Nigeria’s biggest company Dangote Cement Plc Tuesday reported a 16 per cent surge in revenue for 2020, culminating in its biggest annual sales ever, Premium Times has the report. Total sales came to N1.034 trillion, N142.525 billion higher than the figure for the year before, the income statement of the cement-maker obtained by Premium Times showed. It is an astounding run in the face of the pandemic that has plummeted economies, limiting building and construction activities. The group’s quarterly profit before tax (PBT) during the H1 2020, was N109.11 billion compared to the N42.19 billion reported at the same period … Continue reading Defying the Pandemic, Dangote Cement Posts N276bn 2020 Profit