Q1 2019 financial result : Dangote Cement Plc Earning Drops

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Dangote Cement Plc has released its financial statement for the three months ended March 31st 2019. Below are key highlights of the result:

Revenue: The company’s revenue for the period declined from N242 billion in the first quarter of 2018, to N240 billion in Q1 2019. This represents a 0.82% decrease.

Gross Earnings: Gross earnings also reduced from N144 billion in 2018, to N140 in 2019; representing a 2.77% decrease.

Profit Before Tax: Profit before tax fell from N108 billion in 2018, to N78 billion in 2019, representing a decrease of 27.77%.

Profit After Tax

Profit after tax dropped from N72 billion in 2018, to N60 billion in 2019, representing a reduction of 16.66%.

Earnings Per Share: Earnings per share also dropped from N4.20 in 2018, to N3.54 in 2019.

Current Share Price: Dangote Cement Plc is currently trading at ₦186.50 in today’s trading session on the floor of the Nigerian Stock Exchange (NSE).

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