Nigeria: Dangote Cement recorded sales of US$1.9bn during the first nine months of 2023, up by 29% year-on-year from nine-month 2022 levels. The group’s sales volumes of cement and clinker both dropped. The Premium Times newspaper has reported that Dangote Cement’s costs rose by 33%, primarily due to increased spending on electricity and fuel. Nonetheless, its profit after tax grew by 30%, to US$351m.
Dangote Cement raises sales in first nine months of 2023
URL: https://www.globalcement.com/news/item/16501-dangote-cement-raises-sales-in-first-nine-months-of-2023
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