Dangote Cement H1 2022: Big FX Losses and Lower Volumes

Dangote Cement’s half-year profit for the six months ended June 2022, surprisingly dipped. While revenue grew from 17.2% from N690.5 billion in 2021 to N808 billion in 2022, profit after tax fell by 10.2% from N191 billion in 2021 to N172.1 billion in 2022.

What led to the decline?

Volumes are also down

Energy costs are up

Will dividend payout drop?



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