By Uzair Adam Imam
In the nine months leading up to September 30, 2023, Dangote Cement has reported a remarkable 15.2 percent increase in its pan-African sales volumes, reaching 8.5 million metric tons (Mt) compared to the 7.4 million Mt in the same period in 2022.
Pan-African volumes represent the sales volume from Dangote Cement plants located outside Nigeria.
These figures were revealed in the company’s unaudited results on the Nigerian Exchange (NGX) portal. The surge in volumes was primarily driven by exceptional sales performances in key locations.
The Dangote Cement Plant in Senegal saw a substantial 66.9 percent increase in sales, while the Dangote Cement Plant in Congo reported a 60.5 percent surge in volumes.
Dangote Cement Zambia experienced an 18 percent increase, with Ghana and South Africa following closely at 15.5 percent and 18.5 percent growth, respectively. Ethiopia and Tanzania also contributed to the positive trend with 6.5 percent sales volume increases.
Furthermore, Dangote Cement noted a 20.5 percent increase in profit before tax, rising from N335.9 billion to N404.89 billion, while the profit after tax increased by 30.2 percent, from N213.10 billion to N277.55 billion.
Arvind Pathak, the Chief Executive Officer of Dangote Cement, commented on the results, stating, “This positive nine-month result reflects our strong value proposition, enhanced operational efficiency, and our commitment to cost containment in the face of rising inflation. Group revenue reached ₦1,514.6 billion, with EBITDA reaching an all-time high of ₦662.8 billion, marking a
28.5 percent increase.”
He also highlighted the impressive growth of the company’s pan-African operations, which contributed 41.9 percent to Group volumes, with a record revenue growth of 103.9 percent and EBITDA growth of 255.4 percent.
Pathak emphasized that the growth was a result of sustained demand across the regions in which Dangote Cement operates.
Looking ahead, Pathak expressed optimism about the company’s future, particularly with
the final stages of a new grinding plant in Cote d’Ivoire nearing completion.
He reaffirmed the company’s commitment to delivering quality cement products to
its customers and expressed confidence in a strong finish to the year.
Dangote Cement is Africa’s leading cement producer with a capacity of 52.0 million metric tons across the continent. Through strategic investments, the company has not only eliminated Nigeria’s dependence on imported cement but has also transformed the nation into an exporter, serving neighboring countries as well.
Dangote Cement’s extensive operations include plants in Cameroon, Congo, Ghana, Ethiopia, Senegal, Sierra Leone, South Africa, Tanzania, and Zambia, in addition to its prominent presence in Nigeria.