August 20, 2022

Dangote Cement Plc shareholders unanimously authorized a dividend of N20 per share for all traders within the agency for the fiscal yr 2021.

The quantity paid is a 25% improve over the N16 reported in the identical interval in 2020. Sir Sunny Nwosu, the Founding father of Unbiased Shareholders Affiliation, spoke on the firm’s thirteenth annual basic assembly in Lagos yesterday, praising the administration for enhancing shareholder worth by way of enhanced dividend regardless of the tough working setting.

He expressed his delight with the corporate’s present situation of affairs, notably its capability to keep up profitability, and urged administration to contemplate awarding bonuses to shareholders.

Aliko Dangote, the corporate’s chairman, mentioned the corporate’s earnings earlier than tax was N538.4 billion, the most important in its historical past.

In line with him, the corporate’s Group volumes elevated by 13.8 % to 29.3 million tonnes. Resulting from sturdy value administration initiatives, an distinctive EBITDA of N684.6 billion was achieved, up by 43.2 %.

“Dangote Cement has had exponential development in all areas over the last decade.” In line with him, group volumes at the moment are approaching 30 million tonnes each year, our capability has tripled to 51.6 million tonnes each year, and we export cement from 5 African nations.

“We’re fortunate that the final two years have taught us resilience, adaptation, and grit because the turbulent world setting propels us into a brand new period of uncertainties. These are the values we’ll have to get by way of the unsure instances forward.

“Dangote Cement stays Africa’s main cement firm, with a shiny and sustainable future forward of it.” We’re dedicated to enhancing Africa whereas additionally offering long-term profit to our stakeholders.”

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In January 2022, Dangote introduced that it had accomplished the second tranche of its share buy-back program, repurchasing 0.98 % of its excellent shares. The corporate mentioned the share buy-back program displays the corporate’s unwavering dedication to creating worth and figuring out alternatives to return money to shareholders.

“In 2021, we commenced operations in our new 3Mta Okpella manufacturing facility in Edo state, the place we’re efficiently ramping up manufacturing and contributing to the creation of a brand new industrial cluster,” he added.

“We’re actively implementing our different gas plan throughout all of our working nations to enhance power effectivity, scale back reliance on fossil fuels, and lower CO2 emissions.” We made nice progress in our cement and clinker exports whereas focusing our efforts on assembly the sturdy demand of our native market in Nigeria on the expense of our export markets.

We shipped seven ships of clinker from Nigeria in 2021, and 5 of our amenities exported cement. Our purpose is to make West and Central Africa self-sufficient whereas additionally implementing regional and continental free commerce agreements.”

“In 2021, our technique focuses on power transition, which is a essential enabler of sustainable improvement and local weather resilience on the continent,” he defined. In our power combine, we’ve expanded our emphasis on different fuels. We’re investing closely in mechanical multi-fuel techniques that may deal with a variety of waste varieties.”

“Our ambition to be the associate of selection for these remodeling Africa, whereas producing sustainable worth for our stakeholders stays steadfast and unambiguous,” mentioned Michel Puchercos, Group Managing Director/Chief Government Officer of Dangote Cement in 2022.

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“Dangote Cement frequently produces distinctive profitability to shareholders regardless of working in a tricky and fast-paced business.” Regardless of the COVID-19-related points, substantial demand has been seen throughout the continent, indicating that these markets have numerous promise.”