Dangote Cement Plc (DCP), a member of the Dangote Group, has announced an interim dividend of N30.98 billion for the period ended September 30.
The interim dividend is part of the group’s strategies of enhancing and growing shareholders’ value through consistent dividend payment. It also fulfills the promise by the directors of the company to pay an interim dividend to shareholders.
Dangote Cement resulted from the merger between Dangote Cement and Benue Cement Company (BCC). The merger created the biggest company listed on the Nigerian Stock Exchange (NSE).
In the review period, the enlarged company reported a turnover of N146.56 billion. According to the unaudited financial results, turnover rose by N55.26 billion or 37.71 percent, when compared to turnover value of N91.30 billion posted in the corresponding period of 2009.
A review of the financial results indicated that Profit Before Tax (PBT) rose by N30 billion or 39 percent to N76.93, compared to N46.93 billion recorded in the corresponding period of 2009. Profit After Tax (PAT) was on the same upward swing, as it rose by N30.16 billion or 40.05 percent to N75.30 billion, in contrast to N45.14 billion at the preceding year.
With the payment of N30.98 billion interim dividend, investors in the companies under the Dangote Group that are listed on the Exchange received a total dividend of N60.21 billion.
No comments:
Post a Comment