Dangote exports 211kt cement to three African countries

Dangote Cement Plc said it exported in the first quarter of this year, exported a total of 211 kilotons of cement to Ghana, Togo and Niger.

The company’s volume in Nigeria also increased significantly by 5.3 percent to nearly 4 million tons for the period under review.

Announcing its first quarter audited results for the three months ended March 31, 2018 on the floor of the Nigerian Stock Exchange (NSE), Dangote Cement’s gross revenue increased by 16 per cent, from N208.12 billion in the corresponding period of 2017 to N242.1 billion.

While profit before tax rose by 40.2 percent, from N77.32 billion to N108.04 billion, profit after tax for the period went up by 29 percent, from N55.8 billion to N72.12 billion.

A breakdown of the results indicated that the total volume of cement sales by the group went up by 2.8 percent to 6.2 million tonnes with Nigerian volumes up by 5.3 per cent to nearly 4.0 million tons.

Its Obajana plant in Kogi State is the largest in Africa with 13.25MTA of capacity across four lines; Ibese plant in Ogun State has four cement lines with a combined installed capacity of 12MTA and Gboko plant in Benue State has 4MTA.

In addition, Dangote plant in Cameroon produced 1.5MTA clinker grinding, Congo (1.5MTA), Ghana (1.5MTA import), Ethiopia (2.5MTA), Senegal (1.5MTA), Sierra Leone (0.5MTA import), South Africa (2.8MTA), Tanzania (3.0MTA), Zambia (1.5MTA).

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