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Dangote Cement posts N172.1bn as profit in HY 2022

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2023: Dangote Cement raises shareholder’s dividend by 50% to N30 per share

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.

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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%.

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