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Aliko Dangote's Cement Firm Sees 20% Revenue Growth

Nairametrics·
Aliko Dangote's Cement Firm Sees 20% Revenue Growth

Dangote Cement (NGX: DANGCEM), led by Aliko Dangote, has shown significant financial growth in its latest nine-month report. The company's revenue increased by 20%, reaching ₦3.77 trillion, while its pre-tax profit surged by 41% to ₦1.47 trillion.

This performance underscores the profitability of the cement business in Nigeria, particularly under the control of Dangote. The article also promotes FTM, an exclusive stock recommendation service edited by Ugodre Obi-Chukwu, which offers insights on investment decisions, including recommendations to buy, sell, or hold stocks.

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Plus234Feed summary based on reporting from Nairametrics.

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