Dangote Cement Plc has announced a revenue of N3.58 trillion for the financial year ended December 31, 2024, representing a 62% increase from N2.21 trillion recorded in 2023.

Key Point: Despite significant increases in cost of sales, administrative expenses, and finance costs, Dangote Cement's profit after tax grew by 10.5% to N503.25 billion, driven by strong revenue growth and improved operational efficiency.

The company's financial performance was marked by:

- Revenue growth of 62% to N3.58 trillion

- Gross profit increase of 61% to N1.93 trillion

- Profit from operating activities growth of 57% to N1.15 trillion

- Profit after tax growth of 10.5% to N503.25 billion

Dangote Cement's Nigerian operations contributed N2.19 trillion to revenue, while Pan-African operations contributed N1.48 trillion. The company also reported a significant increase in sales volume to 27.71 million tonnes, up from 27.28 million tonnes in 2023.

In addition, the company secured a $675 million loan from Afreximbank with a 24-month grace period and a 60-month total maturity period, which will support its growth initiatives.

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The user WaneInvestmentHouse holds no position in NGSE:DANGCEM. Simply Wall St has no position in any of the companies mentioned. The author of this narrative is not affiliated with, nor authorised by Simply Wall St as a sub-authorised representative. This narrative is general in nature and explores scenarios and estimates created by the author. The narrative does not reflect the opinions of Simply Wall St, and the views expressed are the opinion of the author alone, acting on their own behalf. These scenarios are not indicative of the company's future performance and are exploratory in the ideas they cover. The fair value estimates are estimations only, and does not constitute a recommendation to buy or sell any stock, and they do not take account of your objectives, or your financial situation. Note that the author's analysis may not factor in the latest price-sensitive company announcements or qualitative material.