August 31, 2014 5:22 AM ET

Construction Materials

Company Overview of Dangote Cement Plc

Company Overview

Dangote Cement Plc is engaged in the manufacture, preparation, import, packaging, and distribution of cement and related products in Nigeria, West and Central Africa, and East and South Africa. The company was formerly known as Obajana Cement Plc and changed its name to Dangote Cement Plc in July 2010. Dangote Cement Plc was incorporated in 1992 and is based in Lagos, Nigeria. Dangote Cement Plc is a subsidiary of Dangote Industries Limited.

Union Marble House

1 Alfred Rewane Road

PMB 40032

Falomo Ikoyi

Lagos,  

Nigeria

Founded in 1992

4,477 Employees

Phone:

234 1 448 0815

Fax:

234 1 463 0316

Key Executives for Dangote Cement Plc

Dangote Cement Plc does not have any Key Executives recorded.

Dangote Cement Plc Key Developments

Dangote Cement Plc Presents at Credit Suisse 2014 European Building Conference, Jun-12-2014

Dangote Cement Plc Presents at Credit Suisse 2014 European Building Conference, Jun-12-2014 . Venue: Credit Suisse Offices, 20 Columbus Courtyard, Canary Wharf, London E14 4DA, United Kingdom. Speakers: Carl Franklin, Head of Investor Relations, Uvie Ibru, Investor Relations.

Dangote Cement Plc Announces Audited Earnings Results for the Year Ended Dec. 31, 2013

Dangote Cement Plc announced audited earnings results for the year ended Dec. 31, 2013. For the year, the company reported revenue of NGN 371.60 billion, EBITDA of NGN 233.20 billion, EBIT of NGN 200.10 billion compared to the revenue of NGN 285.60 billion, EBITDA of NGN 175.40 billion, EBIT of NGN 148.10 billion for the previous year. Group operating profit rose by 33.7% to NGN 195.9 billion, at a margin of 50.7% (2012: NGN 146.5 billion, 49.1%). Group profit before tax rose by 40.6% to NGN 190.8 billion (2012: NGN 135.6 billion). Following a deferred tax credit of NGN 10.4 billion (2012: NGN 9.4 billion), profit for the year was NGN 201.2 billion (2012: NGN 145.0 billion). Earnings per share rose by 39.1% to 11.85 per share, compared with 8.52 per share in 2012. Net debt was NGN 110.6 billion ($693 million).

Dangote Cement Plc Proposes Dividend, Payable on May 5, 2014

Dangote Cement Plc announced that for the current year, the Directors proposed that a dividend of NGL 7.0 per share be paid to shareholders on May 5, 2014, an increase of 133% on 2012. This dividend is subject to approval by shareholders at the Annual General Meeting. The proposed dividend is payable to all shareholders whose names appear in the Register of Members on the closure date of April 17, 2014. The total estimated dividend to be paid is NGL 119.3 billion, representing a dividend payout ratio of 59.3%.

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