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%
