Afrigather Africa’s richest man, Aliko Dangote says Dangote Cement Plc is ready to unlock increased returns and worth for its shareholders and stakeholders.
He made this assertion at Dangote Cement’s 14th Annual Basic Assembly (AGM) held in Lagos right this moment. Talking on the assembly, the Chairman of Africa’s largest cement producer defined the corporate’s technique of enhancing regional commerce inside Africa by constructing crops throughout West and Central Africa whereas driving natural progress in Nigeria and Pan-Africa.
He stated, “We’ll proceed to guarantee that we preserve our shareholders comfortable, not solely the shareholders however all our different stakeholders… Our technique stays steadfast, targeted on natural progress in Nigeria and Pan-Africa whereas making certain that Africa’s regional integration turns into a actuality,”
Dangote Cement Plc: a narrative of true progress
Over the past twelve years, Dangote Cement Plc has witnessed a major degree of progress in its income. Reviews say underneath Dangote’s management, the corporate achieved its highest income and EBITDA in historical past, with $3.52 billion and $1.53 billion, respectively, on the finish of its fiscal yr 2022.
Dangote stated, “We recorded income and EBITDA progress of 17 per cent and three.5 per cent from the prior yr respectively, albeit underneath unprecedented inflationary strain. We additionally achieved a revenue after tax of N382.3 billion ($830 million), up 4.9 per cent in comparison with 2021.”
The Nigerian enterprise magnate famous that the corporate’s quite a few price containment measures and its skill to substitute higher-cost gasoline for cheaper different gasoline merchandise helped in decreasing the group’s price base and enhancing their flexibility. He additionally added that their efforts enabled the Firm to reply extra successfully to adjustments available in the market.
Talking additional, Dangote said that the administration will proceed to enhance on high quality product supply to hundreds of thousands of its prospects throughout Africa.
