Dangote Cement Increase In Growth And Investment

According to the new report, there is a continual increase in excellent financial performance and growth in Dangote Cement Plc

According to the report, there is an increase in the company growth by 11 percent for the past year, and also there is an increase in EBITDA growth by 16 percent. And also the company has helped the shareholder with their price and payment.

According to the Chairman of Dangote Cement, Mr. Aliko assured the shareholder and other stakeholders of the company to keep the growth of the industry profitable in investment.

He stated that “at Dangote Cement, we are unwavering in our commitment to building an inclusive and sustainable business for all stakeholders across the value chain.”

This was said in the Annual General Meeting, at Lagos. if the industry will continue in producing good quality delivery to millions of citizens it will remain bright.

He stated, “We will continue to make sure that we keep our shareholders happy, not only the shareholders but all our other stakeholders. Our strategy remains steadfast, focused on organic growth in Nigeria and Pan-Africa while ensuring that Africa’s regional integration becomes a reality.

“We will continue to contribute to improving regional trade within Africa by building plants across West and Central Africa, guided by our vision of making the region cement and clinker self-sufficient. In addition, we aim to deliver higher returns and value to our shareholders.”

Speaking on the chairman's statement, the company has achieved greatly in its industry.

“These efforts have helped us reduce our cost base and enhanced our flexibility, enabling the Company to respond more effectively to changes in the market. As a result, we recorded revenue and EBITDA growth of 17.0 percent and 3.5 percent from the prior year respectively, albeit under unprecedented inflationary pressure. We also achieved a profit after tax of N382.3 billion, up 4.9 percent compared to 2021.”

According to the report, is at last year the company has a higher increase in revenue, and also EBITDA  supported the company.

He explained that “over the last twelve years, volumes have grown by a double-digit compound annual growth rate of 11.2 percent. Similarly, EBITDA has grown at a compound annual growth rate of 16.3 percent, over the same period, implying a five-fold increase and revealing a true growth story.

“Accordingly, we closed the year with a profit after tax of N382.3 billion and an Earning per Share (EPS) of N22.27. Despite these accomplishments, we are not resting on our laurels. We recognize that the business environment remains volatile, so we will continue to evolve with the changing times while embracing technological advancement.”

Despite the economy of Nigeria, Dangote still improves in performance growth. A total of N340.810 billion divided was approved as of last year December.

According to the Chairman of the Company’s annual reports, the chairman of the Pragmatic Shareholders Association, Mrs. Bisi   Bakare appreciates the management of Dangote Cement for its doggedness during the year under review for still being able to exceed the shareholders’ expectations. 

Speaking on Bakare statement, the company has succeeded successfully with the N300 billion series bond over the country in investment growth.

“It is not all companies that could record such a feat given the huge amount involved and the biting economic situation,” she stated.

According to the report, the largest cement industry is Dangote across Africa country which also meeting up the demand of customers.

According to the new report, Dangote wants to make sure the industry is changing in different dimensions and technology aspects across the country.