Dangote Cement’s annual sales touch record N1.6trn

Dangote Cement reported an increase in its bottom line for 2022 as its net profit slowed to a single digit from as much as 32 per cent in the preceding year.

The need to scale means sub-Saharan Africa’s largest cement producer invested more fund summing up to N249.3 billion in twenty five of its subsidiaries, most of them outside Nigeria, rather than allowing the cash to boost profit.

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