Dangote Cement and MTN Nigeria are the two biggest publicly listed company in Nigeria as at October 2021 The two firms are among the five biggest companies in the exclusive club of over N1 trillion market capitalisation Data from Nigeria Exchange shows as of October 2021, shows there are over 156 listed companies with a […]
Kayode Tokede On the heels of reporting N464.35billion trade and receivable in nine months ended September 30, 2021, the likes of MTN Nigeria Plc, Nigerian Breweries Plc, among other companies might exceed 2020 receivables in this year’s financial results. Trade and receivables are the amount owed to a business by its customers following the sale […]
On the heels of reporting N464.35billion trade and receivable in nine months ended September 30, 2021, the likes of MTN Nigeria Plc, Nigerian Breweries Plc, among other companies might exceed 2020 receivables in this year’s financial results. Trade and receivables are the amount owed to a business by its customers following the sale of goods […]
Proshare Nigeria Pvt. Ltd. Dangote Cement Plc released its Q3 2021 Unaudited results for the period ended September 30th, 2021. Key Highlights Revenue grew by 34% to N1tn from N761bn in the previous quarter. Profit before tax grew by 49% to N405bn. Profit after tax grew by 33% to N278bn. Net Assets grew by 1.6% […]
Tanga Cement factory. The company has asked shareholders to remain cautious. PHOTO | FILE The German multinational building materials company, which already owns majority shares in Tanzania Portland Cement Company , signed an agreement through its subsidiary Scancem International DA to acquire 68.33 percent of Tanga Cement shares for an estimated Tsh137.33 billion ($59.61 million) […]
Nigeria: Dangote Cement increased its consolidated sales by 34% year-on-year to US$2.48bn in the first nine months of 2021 from US$1.84bn in the first nine months of 2020. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) rose by 45% to US$1.25bn from US$860m. Group cement volumes were 22.2Mt, up by 15% from 19.2Mt. Nigerian […]
Proshare Nigeria Pvt. Ltd. Q3 price increases offset softer cement output; new PT of NGN299.4 up marginally DangCem ‘s Q3 results were in line with expectations. Sales of NGN331.6trn grew 17% while earnings of NGN99.8bn advanced by around 30%. However, there were some noticeable variances between our estimates and the results, with cement production missing […]
The National Bureau of Statistics (NBS) recently published the Internally Generated Revenue (IGR) report at the state level for Half Year (H1) 2021. According to the report which is available on the NBS’s website , all the 36 states of the federation and the FCT have a total IGR of N849.1 billion in the period […]
Thursday , November 18, 2021 / 12:50 PM / Adaeze Nwachukwu, Proshare Research / Header Image Credit: Dangote Cement Plc Proshare Nigeria Pvt. Ltd. Dangote Cement Plc is the second listed company on the Nigerian Exchange Limited (NGX) to record a revenue of N1trn on the heels of MTN, the leading stock with over one […]
The combined market capitalization of the stocks worth over one trillion (SWOOT) appreciated by 0.86% to close at N15.70 trillion from N15.57 trillion the previous week, reflecting a gain of N134.45 billion. Stocks included in this classification are AIRTELAFRICA, BUA CEMENT, DANGOTE CEMENT, NESTLE and MTNN Plc. Stock performance Airtel Africa Plc – N915.00 Airtel […]
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