Dangote Cement grows profit by 135% in the Q3 2020

Bag of cement is high in Nigeria due to Covid-19 - Dangote group

Dangote Cement Plc, has released its financial statements of profit or loss for the three months (Q3) and nine months ended 30th September 2020 with an increase in revenue to N284.592 billion in Q3 2020 from N212.061 in 2019.

Dangote Cement grows profit by 135% in the Q3 2020

The result released at the Nigerian Stock Exchange on Friday showed that revenue for nine months rose to N761.444 billion in 2020 from N679.791 billion in 2019

The group grew profit by 135% in the Q3 2020 to N82.542 billion from N35.110 billion in 2019 while profit for nine months rose to N208.685 billion from N154.350 billion in 2019.

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