In a bid to ensure that Cement becomes available in all African countries, Chief Executive Officer of Dangote Cement, Michel Puchercos, has revealed that his company is ramping up production in its Okpella plant, Nigeria and progressing well to deploy grinding plants in Ghana and Cote d’Ivoire.
Ghana and Cote d’Ivoire will join the lists of African countries when the grinding plants finally becomes operational.
In the same vein, the Cement plant on Monday announced, for the second quarter of 2022 a group revenue of N808 billion for the half year ended June 31, 2022, even as winners have began to emerge from the ongoing bag of goodies season 3 promo. According to the cement company’s results made available on the website of the Nigerian Exchange (NGX), revenue rose by 17 percent, compared to N690.55 billion recorded in 2021. Dangote Cement reported group sales volume of 14.2Mt, consisting of 9.3 Mt done by Nigerian operations while the balance was contributed by operations in other African countries.
Chief Executive Officer, Dangote Cement, Michel Puchercos, speaking on the result said: “Despite the elevated inflation due to a very volatile global environment, the first half of 2022 has been positive. We recorded increases in revenue and EBITDA that drove strong cash generation across the Group. We recorded revenue of N808.0 billion up 17 percent compared to last year and Group EBITDA of N373.2Billion, up 6.3 percent with an EBITDA margin of 46.2 percent.”