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Dangote Cement South Africa sales rise on higher demand in second half of 2017
South Africa: Dangote Cement South Africa s sales revenue rose by 3.7% year-on-year to US$200m in 2017 from US$192m in 2016. The subsidiary of Nigeria s Dangote Cement attributed the result to increased demand and improvements in operational efficiency in the second half of the year. Its net profit fell by 16.2% to US$4.87m from US$5.81m due to one-off income from the closure agreement with Sinoma on the final handover of a new cement plant. The cement producer added that the local cement industry increased its prices and customer mix stability in 2017. Total estimated sales volumes including imports fell by 0.8% to 12.9Mt from 13Mt. /Global Cement
UAECEMENT.COM - Mar ,23,2017



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