Dangote Cement’s global volume increased by 15.2 percent in the nine months ending September 30, 2023, rising to 8.5Mt from 7.4Mt in the prior-year period.
In the context of Dangote Cement, “pan-African volumes” refer to the amount of cement sold by facilities outside of Nigeria.
Sales in Senegal, which increased by 66.9 percent, and Congo, which increased by 60.5 percent, drove the volume, according to the cement group’s unaudited statistics disclosed on the portals of the Nigerian Exchange (NGX).
The Dangote Cement Company Growth was seen at 18% in Zambia, 15.5% in Ghana, 18.5% in South Africa, 6.5% in Ethiopia, and 6.5% in Tanzania.
The cement company reported a 20.5% rise in profit before taxes, from N335.9 billion to N404.89 billion, and a 30.2% increase in profits after taxes, from N213.10 billion to N277.55 billion.
Recommended: Top 10 Best Cement Brands in Nigeria and their Prices
In a statement on the results, Chief Executive Officer, Dangote Cement, Arvind Pathak, stated, “Our excellent nine-months result is a combination of our great value offering, better operational efficiency and a persistent push to limit cost despite an escalating inflationary environment. We achieved a double-digit increase in Group sales at N1,514.6B, while EBITDA soared to an all-time high of N662.8B, up 28.5 percent.
Recommended: How Cement company investors in Nigeria made N176 billion in January.
Having successfully commissioned our 0.45Mta Takoradi facility in the first part of the year, we are now in the final stages of completing our 1.5Mta grinding unit in Cote d’Ivoire. Our efforts are directed towards strengthening our value proposition, which is based on our commitment to providing our loyal clientele with cement of the highest quality. I’m optimistic that we’ll have a successful year-end due to the course our company is on.
