Dangote Cement Plc Delivers N382 Billion Profit in 2022

Dangote Cement Plc has reported profit of N382 billion for the year 2022, according to the company’s financial report.

In 2022, the company recorded  a 4.9% improvement in profit from the N364.44 billion which the cement maker reported in the previous year. 

Other key indices from the financial are summarised below:

Revenue 

FY 2022: 1.618 trillion 

FY 2021: 1.384 trillion

% Change: 16.9%

Gross Profit

FY 2022: N955.433 billion

FY 2021: N582. 419 billion

% Change: 14.8%

Profit from Operating Activities 

FY 2022: N585. 876 billion

FY 2021: N582. 491 billion 

% Change: 0.58% 

Finance Costs

FY 2022: N130.370 billion

FY 2021: 65.707 billion 

% Change: 98.4% 

Profit for the Year

FY 2022: N382. 311 billion

FY 2021: N364. 439 billion

% Change: 4.90%

Earnings Per Share

FY 2022: N22. 27

FY 2021: N21.24

% Change: 4.85%