Dangote Cement Plc has reported a profit before tax of N732.537 billion for the financial year ended December 31, 2024, representing a 32.44% year-on-year (YoY) increase from 2023.
According to the annual report and financial statements reviewed by Nairametrics, the company’s full-year revenue surged by 62.16% YoY to N3.581 trillion, driven by strong revenue from Nigeria (57%) from the sale of cement and clinker.
In line with its dividend policy, the Directors have recommended a dividend of N30.00 for the 2024 financial year (same as in 2023). The Board considers this dividend appropriate and aligned with the company’s strategic growth objectives, reinforcing investor confidence and shareholder value.