Dangote Cement Plc has reported profit of N382 billion for the year 2022, according to the company’s financial report.
The 2022 profit represent a 4.9% improvement from the N364.44 billion which Dangote cement reported in 2021.
Other key takeaways 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%
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