Revenues from the sale of cement in 2016 were NGN614.9 billion.
The company has installed cement production capacity of 43.550 million t in 2017, an increase of 1 million t on 2016. Capacity utilisation was 48.73% in 2017, compared to 52.95% in 2016.
Dangote’s Nigerian business accounted for around 68% of the company’s revenues in 2017, slightly down on the previous year. Its Pan-Africa revenues rose slightly from 31% of revenues in 2016 to 32% in 2017.
EBITDA for 2017 was NGN388.2 billion, compared to NGN257.2 billion in 2016 – a 50.9% increase on the previous year. Nigeria remained the primary contributor to EBITDA, bringing in NGN360.8 billion of the company’s total earnings. Pan-Africa EBITDA was NGN38.3 billion.
Pre-tax profits were also significantly healthier than the year before, totaling NGN289.6 billion, a 60.1% increase on the previous year.
