Adebayo Obajemu
Dangote Cement early this week published its Second Quarter report for the period ended 30 June 2022.
The company posted a turnover of N808.037 billion for the 6 months period, up by 17.01% from N690.545 billion reported the previous year.
Profit after tax of N172.1 billion was achieved for the period under review, down by 10.19% from N191.63 billion reported the previous year.
Earnings per share dropped year on year by 10.19% to N10.10 from the EPS of N11.25 achieved in HY 2021.
At the share price of N265, the P/E ratio of Dangote Cement stands at 26.24x with earnings yield of 3.81%.
News continues after this Advertisement
