The pan-African region includes all the cement plant’s
operations outside Nigeria.
The total sales volume for the Group within the period was
13.4 metric tonnes.
According to the company’s six months’ unaudited results,
sales volume for pan-African operation was up 11.6 percent compared to 4.9
metric tonnes in H1 2022. The total pan-African volume accounts for 40.4
percent of Group volumes in the half year.
The pan-African operations performance is attributable to
robust demand, particularly from Ethiopia, Senegal, Zambia, and Congo. Hence
pan-African revenues grew by 81.8 percent to N336.4 billion. Group revenue rose
by 17.7 percent to N950.8 billion. Recurring profit after tax was up by 37.4
percent to N292.2 billion while Profit after tax (PAT) rose by 3.8 percent to
N178.6 billion.
The chief executive officer, Dangote Cement, Arvind Pathak,
who described the results as heartwarming said, “Dangote Cement delivered
positive results in the first half of the year. Our Nigeria operations achieved
a 22.6 percent recovery in sales over the first quarter, which was impacted by
the general elections and the cash crunch. However, the steep currency
devaluation in mid-June slowed this volume recovery and increased the already
inflated operating cost.”
He said, “We navigated the tough terrain, thanks to our
strong operational framework and rigorous focus on cost management. I am
pleased at the remarkable improvement witnessed in our pan-Africa operations.”
Pathak stated that the 0.4Mta grinding plant in Ghana has
commenced operation while the completion of a 1.5Mta grinding plant in Cote
d’Ivoire is on track.
He said, “We will continue to focus on our strategic growth
priorities, hinged on our vision of transforming Africa and building a
sustainable future. I am optimistic that our business remains resilient and
well positioned to overcome unforeseen macroeconomic headwinds.”
Dangote Cement is Africa’s leading cement producer with
52.0Mta capacity across Africa. A fully integrated quarry-to-customer producer,
it has a production capacity of 35.25Mta in the home market, Nigeria. Obajana
plant in Kogi state, Nigeria, is the largest in Africa with 16.25Mta of
capacity across five lines; Ibese plant in Ogun State has four cement lines
with a combined installed capacity of 12Mta; Gboko plant in Benue state has
4Mta; and Okpella plant in Edo State has 3Mta. Through recent investments,
Dangote Cement has eliminated Nigeria’s dependence on imported cement and has
transformed the nation into an exporter of cement serving neighbouring
countries.
Dangote Cement has operations in Cameroon (1.5Mta clinker
grinding), Congo (1.5Mta), Ghana (2.0Mta import), Ethiopia (2.5Mta), Senegal
(1.5Mta), Sierra Leone (0.5Mta import), South Africa (2.8Mta), Tanzania
(3.0Mta), Zambia (1.5Mta).
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