Africa’s largest cement producer, Dangote Cement plc has announced a Profit Before Tax (PBT) of N162.90 billion for the six months ended June 30, 2020 even as two block makers have emerged winners in its ongoing “Spell and Win a million national consumer promo”.
According to the unaudited results of the company released on the floor of the Nigerian Stock Exchange (NSE), the declared profit was 4.7 per cent higher than N155.49 billion in the corresponding period of 2019. The results indicate a resilient half-year 2020 performance despite the impact of the COVID-19 pandemic.
The Group revenue went up to N476.9 billion, Group Earnings before interest, taxes, depreciation, and amortization (EBITDA) was N 218.1 billion representing a 45.7 per cent margin while Pan-Africa EBITDA was up by 31.6 per cent to N 31.5 billion; a margin of 21.7 per cent.
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