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Dangote Cement Q1 profit climbs to N90 billion on booming sales Sales surged by more than one-third from N249.182 billion to N332.7 billion. ADVERTISEMENT Dangote Cement Plc Friday said its after-tax profit from January through March rose by almost half to N89.7 billion, compared to the same period of last year. Sales surged by more than one-third from N249.182 billion to  N332.7 billion, with Nigeria – its home market – delivering N239.7 billion of that sum while the rest of its operations across Africa contributed N93 billion or 28 per cent, the company’s unaudited earnings report f...

Festus Akanbi In a response to the growing demand, Dangote Cement Plc is poised to raise capacity by more than a third to meet the escalating demand as the Nigerian economy recovers. “We are expanding capacity from about 50,000 tons a day at the beginning of the year to 70,000 tons a day at the end of the year,” Edwin Devakumar, Group Executive Director at Dangote Industries Ltd., told Bloomberg by phone yesterday. Devakumar explained that already, the company in the past seven months had begun the reactivation of idle capacity at its Gboko plant, in Benue State, because of a 40 per cent ...