Dangote Cement Presents ‘Facts Behind the Figures’

Dangote Cement recently presented its facts behind the figures to the stock brokers, investors and capital market correspondents.

Welcoming the Dangote Cement team to the meeting room, Ade Bajemo – Executive Director, Market Operations and Technology of the Nigerian Stock Exchange commended the cement company for always meeting and complying with all regulatory requirements.

Dangote Cement Group Chief Executive Officer, Onne van der Weijde responding promised that the cement company will remain a partner with the exchange as to deepen public interest and knowledge in the stock market. In his comments while on the trading floor of the Nigerian Stock Exchange, Onne said the company is targeting more cement export to West and Central African countries.

He informed the audience that top on the list of countries in the West African region is Ghana, which they have allocated 1000 trucks that will deliver cement. Others are Cameroon, Senegal, South Africa, Tanzania, Zambia and Ethiopia. Weijde noted that the company remains committed to its ambitious plans, as it’s taking a more measured approach to roll-out capacity across Africa.

He struck the gong to signify closure of stock trading for the day. Speaking while presenting the figures he said  the company recorded a revenue of NGN292 billion which an increase of 20 per cent over NGN242 billion posted in the corresponding period in 2015 while  profit for the six months  period stood at NGN106.3 billion representing a slight decline by 3 per cent from 123.1 billion Naira declared in 2015.

Onne laid emphasis on cement sales volumes in the period which increased by 60 per cent as a result of a price cut last year September. He was later presented with a replica of the gong he struck for the closure of trading activities.