Dangote Cement Plc, BUA Cement Plc, and Lafarge Cement Plc, the three cement producers listed on the Nigerian Exchange Limited (NGX), collectively generated N604.89 billion in revenue in the first quarter of 2023.
The figure was a marginal increase of 0.68% over the N600.7 billion reported by the companies in the corresponding quarter of 2022.
Analysis by Ripples Nigeria revealed that Dangote Cement retained its position as the most profitable cement company in Nigeria by posting N406.72 billion as revenue in Q1 2023.
