The News agency of Nigeria(NAN) reported that Dangote Cement Plc has declared a Profit After Tax of N181.3 billion for the financial year ended Dec. 31, 2015 as released by the Nigerian Stock Exchange (NSE).
This Year's profit after tax value grew above the value that was reported in 2014 which was N151.5 billion.
The profit represented a growth of 13.67 per cent when compared with the figure for 2014.The company’s Profit Before Tax stood at N188.3 billion compared with N184.7 billion achieved in the corresponding period of 2014.
Further breakdown of the result indicate that the company declared a revenue of N491.7 billion compared to N391.6 billion recorded in 2014, representing an increase of 26 per cent.
Report also shows that the company’s Board of Directors has recommended a dividend of N8 per share against N6 paid in 2014, a growth of 33 per cent.
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