Nigerian Cement companies, Dangote, BUA and Lafarge Cement are losing their earnings to the rising cost of sales, Prime Business Africa analysis showed. In the first half (H1) of 2023, the cement industry saw the cost of sales rise by 16.03 per cent, surpassing revenue, which grew by 15.75 per cent. The industry’s inability to keep costs at bay has weighed heavily on profit after tax, which rose merely by 2.52 per cent during the review period. According to analysis, in H1 2022, the cost of sales gulped 43.14 per cent of revenue, PBA learnt, but in the same period … Continue reading Dangote, BUA, Lafarge Cement Losing Revenue To Rising Costs Of Raw Materials, Labour, Others