Prime Business AfricaDangote Cement curbed the impact of production cost on its revenue in the first quarter (Q1) of 2025, as the company generated N994.65 billion turnover, with cost of sales reaching N407.26 billion.
This showed the company’s cost of production gulped 40.94 percent of revenue between January to March this year, according to Prime Business Africa’s analysis of Dangote Cement’s condensed consolidated and separate statements for the three months ended March 31, 2025.
Join our WhatsApp ChannelIt dropped from the 48.71 percent recorded in the first quarter of 2024, when Dangote Cement recorded N817.35 billion turnover and N398.16 billion cost of production.
This indicates revenue grew by 21.69 percent year-on-year, while cost of production increased marginally by 2.28 percent.
Furthermore, gross profit increased by 40.12 percent year-on-year from N419.18 billion to N587.39 billion.
However, after deducting selling, distribution, and administrative expenses, as well as impairment of financial assets, the cement manufacturer reported 55.67 percent growth in operating profit, which increased to N397.41 billion in Q1 2025, against the N255.29 billion recorded in the same period last year.
After accounting for finance income, gain on net monetary positions and finance cost, Dangote Cement reported profit before tax (PBT) of N311.97 billion during the period under review, exceeding the N166.40 billion posted in Q1 2024.
The 87.47 percent growth in PBT was, however, burdened by a 91.19 percent year-on-year increase in income tax, which rose from N53.73 billion to N102.72 billion.
Nevertheless, Dangote Cement reported an 85.70 percent increase in profit after tax (PAT), after recording N209.24 billion in the first quarter of 2025, compared to the N112.67 billion recorded during the corresponding period last year.
For press releases, tip-offs, and corporate information, call 08149575257 (hotline)
Email: publisher@primebusiness.africa and editor@primebusiness.africa
