(Special Report): Why Dangote Cement ambushed Lafarge’s Michel Puchercos
Whereas a report from the Nigerian Stock Exchange (NSE) last week revealed that all is set for ageless cement technocrat, the Group Managing Director/CEO of Dangote Cement Plc, Engr. Joseph Makoju will retire as GMD/CEO effective January 31, 2020, facts…
Dangote, others still suffering border closure as ECOWAS reject shipped goods
Even as diplomatic drives powered by Ministers of Foreign Affairs from Nigeria, Benin and Niger inch closer to resolving key issues leading to the border closure, leading Nigerian manufacturing concerns have continued to count their loses in the current border…
Cost pressures, EBITDA margin collapse, finance charges weaken DangCem
More facts have emerged from the recently published 9M-19 results of Dangote Cement showing serious steep decline in EPS of 21.2% y/y to NGN2.09 in Q319. The scenario seems to be driven by renewed cost pressures, EBITDA margin deterioration, and…
Dangote Cement grosses growth in EPS due to drop in NFC, effective tax rate
The latest Q2 2019 updated results of Dangote Cement has shown a 44.5% y/y growth in EPS due to declines in net finance cost (-71.5% y/y) and the company’s effective tax rate (-23.9 ppts y/y). However, a new assessment report…
Cordros Securities reviews performance, sees bright future in cement sector
Leading stock market and equities performance analyst group, Cordros Securities Thursday published a report detailing corporate performances in the Nigerian cement sector and gave on company basis, activities in market since this year. The report revealed what Cordros Group saw…
By 2020, we’ll be the largest cement exporter in sub-Saharan Africa—Dangote
The epi-climax of backward integration in cement production will be noticed from 2020 when Dangote Cement will become the largest exporter of cement in sub-Saharan Africa. This was the submission of the elated Aliko Dangote, President of Dangote Industries Limited,…
‘Dangote Cement’s 2018FY results show strength in expansion, consolidation’
More revelations have continued to emerge from the jus released Dangote Cement 2018 full year (FY) results at the floor of the Nigerian Stock Exchange (NSE). Just as the result shows a strong EPS growth of 95.9% y/y to NGN22.83…
Block makers describe Dangote’s BlocMaster as best in terms of quality
Block Moulders Association of Nigeria (BMAN), Niger State chapter has described Dangote’s latest cement brand, BlocMaster as best in terms of quality. Chairman of the group, Chief Patrick Markuche, said in Suleja that the new product first launched in Kano…
BUA silent on plan for block-specific cement, trains molders on right mix in PH
Contrary to other competitors’ style for boosting sales by way of introducing block/concrete-specific cement brand, BUA Cement, a subsidiary of BUA Group has rather taken to deepening enlightenment on block and concrete makers on how to apply the right mix…
Dangote Cement Q3 EBITDA jumps by marginal 0.7% year on year
Newly published Dangote Cement’s nine month-2018 results has shown that the group Q3-18 EBITDA grew by a marginal 0.7% y/y while net profit was lowered by 8% y/y. Besides, revenue grew by 6% y/y on 10% increase in sales volume….