Dangote Cement puts Q2 revenue at N482.439bn

Dangote Cement Plc, has released its financial scorecard for the first half of 2018, generating revenue of N482.439 billion from its business operations. This represents an increase of 16.9 per cent compared with N412.676 billion reported in the preceding year.
In the financial results, the company owned by Mr Aliko Dangote, spent N197.6 billion on production cost of sales against N177.6 billion it expended exactly the same period in 2017.
The cement giant stated in the results that during the period under review, the company used N24.7 billion for administrative expenses during the period under review against N20.950 billion reported in the preceding year of 2017, while selling and distribution expenses gulped N62.149 billion in contrast to N51.890 billion in the comparative period of 2017.
It was further revealed in the company’s report that the gross profit for the period stood at N284.844 billion as at June 30, 2018 compared with N235.127 billion as at June 30, 2017.
Dangote Cement divulged in the statements that it generated N200.5 billion as profit from operating activities against N163.5 billion in the preceding period.
The company financial report submitted at Nigerian Stock Exchange showed that the cement miller recorded a profit before tax of N185.538 billion against N155.581 billion it achieved in first half of 2017, while the profit after tax stood at N113.164 billion as at June 30, 2018 compared with N109.712 billion as at June 30, 2017 after paying tax of 72.374 billion against N45.868 billion paid in the preceding year.
During the period under review, the total assets of Dangote Cement stood at N1.7 trillion from N1.6 trillion recorded as December 31 2017.
In addition, the total liabilities stood at N1.001 trillion as at June 30, 2018 against N884.523 billion as at December 31 2017, while the shareholders’ fund closed at N727.9 billion compared with N822.7 billion exactly 12 months.
The net assets stood at N727.872 billion against N781.360 billion in the preceding year.