Economy & Market

Dangote Cement Plc sees rise in sales

Published

4 years ago

October 14, 2021

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Dangote Cement Plc has reported rise in sales to 6.76 million t. This is 29.4per cent higher than in the same period in 2012. Profit before tax has gone up by 52.8per cent y/y from N70.8 billion in 1H12 to N107.7 billion in 1H13. Gross profit and operating profit also increased by 43.8per cent to N132.1 billion and by 45.4per cent to N111.1 billion, respectively. The market share has remained at about 62per cent across the first half of 2013, and pricing has remained steady across all operations. The strong growth was achieved by additional output from the Ibese plant, opened in the first quarter of 2012, and higher output from Obajana. The company recorded strong rate of growth despite the fact that Gboko plant was closed during January.

Concrete

Shree Cement reports 2025 financial year results

Published

5 days ago

June 17, 2025

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Shree Cement posted revenue of US$2.38 billion for FY2025, marking a 5.5 per cent decline year-on-year. Operating costs rose 2.9 per cent to US$2.17 billion, resulting in an EBITDA of US$528 million—down 12 per cent from the previous year. Net profit fell 50 per cent to US$141 million. The company reported cement sales of 9.84Mt in Q4 FY2025, a 3.3 per cent increase from 9.53Mt in Q4 FY2024, with premium products making up 16 per cent of total sales.

Image source:https://newsmantra.in/

Concrete

Rekha Onteddu to become director at Sagar Cements

Published

5 days ago

June 17, 2025

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Sagar Cements has announced the appointment of Rekha Onteddu as a non-executive independent director, effective 30 June 2025. According to People in Business News, Rekha Onteddu is currently serving in a similar capacity at Andhra Cements, the parent company of Sagar Cements.

Image source:https://sagarcements.in/

Concrete

India’s cement consumption set to rise

Published

5 days ago

June 17, 2025

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According to a Moody’s report, India’s cement consumption is projected to rise by 50 per cent over the next five years, increasing from 445 million metric tons per annum (MMTPA) in FY24 to 670 MMTPA by 2030. This growth is expected to be driven by government infrastructure spending and rising housing demand, with an anticipated annual growth rate of 6-7 per cent. To meet this demand, major cement companies are likely to continue acquiring smaller, less profitable firms.

Image source:https://www.telegraphindia.com/