DANGOTE CEMENT BEATS EXPECTATIONS, AS PAN-AFRICAN EXPANSION IMPACTS NUMBERS
The management of Dangote Cement Plc recently presented its half year earnings report to the investing public, same date it was released a year ago to demonstrate its high level of corporate governance, as seen in the consistent provision of quarterly and full-year results to enable investors forecast and plan their investment. The company consolidated its strong footing in Q1’17 by growing revenue and profit, helped by the continued market expansion and investments across the continent where Dangote Cement is fast turning into Africa’s cement hub. This has been particularly helped by capacity expansion and widening of its distribution network across the continent and beyond to support infrastructural development that will drive economic development and growth. The recent sale of 412.2m shares, representing 2.3% stake of Dangote Industries Limited in the company was sold to f oreign investors, that an indication that the company's capacity building efforts a...