October 30, (THEWILL) – Dangote Cement Plc, Africa’s largest cement producer, has announced improvements in performance measurement indices for the nine months ended September 30, 2021.
This is even as the group sales hit 22.2 million tonnes as sales volume in Nigeria remained strong and accounted for 14.1 million tonnes, despite heavy rains in the third quarter.
Its pan-African operations accounted for the balance of 8.2 million tonnes. According to a statement released yesterday, the cement group posted revenues of ₦1,022.2 billion, with profit before tax standing at ₦405.5 billion and profit after tax standing at ₦278.3 billion.
The Group Chief Executive Officer, Dangote Cement Plc, Michel Puchercos, said: “We are pleased to report a solid set of the results for the first nine months of the year. Group volumes for the nine months were up 15.4 percent compared to the first nine months of 2020. Given the strong rebound in Q3 2020 following the impact of COVID-19 in the first half of the year, volumes in Q3 2021 were slightly lower than Q3 2020, as anticipated though worsened by heavier rains.”
“However, the overall growth trend continues, supported by our ability to meet the strong market demand across all our countries of operation. The economic performance and efficiency initiatives across the Group, enabled the offsetting of inflationary pressures on some of our cost lines.
”Our Nigerian business recorded volume growth of 18.7% in 9M 2021 at 14.1Mt and despite operating in a complex, challenging, and fast-moving environment, Dangote Cement is consistently delivering superior profitability and returns to the shareholders.
“Our alternative Fuel Project is at an advanced stage which aims to leverage waste management solutions, reducing CO2 emissions and sourcing material locally.”
Dangote Cement is Africa’s leading cement producer with nearly 48.6Mta capacity across Africa. A fully integrated quarry-to-customer producer, it has a production capacity of 32.25Mta in Nigeria. In addition, it has operations in Cameroon (1.5Mta clinker grinding), Congo (1.5Mta), Ghana (1.5Mta import), Ethiopia (2.5Mta), Senegal (1.5Mta), Sierra Leone (0.5Mta import), South Africa (2.8Mta), Tanzania (3.0Mta), Zambia (1.5Mta).
