Tag: Dangote Cement
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BUA Cement is one of the 3 cement companies on the NGX. It is also one of the 3 cement companies in Nigeria. It was founded Abdulsamad Rabiu. FY 2024 numbers There was a decent increase in revenue. Full year revenue came in at N876 billion. Up 47.5% from the N459 billion in 2023 At…
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Good morning and welcome to this week’s edition of Bulls and Bears. This is a weekly thread where i look at happenings on the NGX and US equity space. If you have any questions, please feel free to share. Occasionally, i veer into other asset classes. Today, being one of such days due to yesterday’s…
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Dangote Cement had a pretty dull year due to a sharp rise in operating costs, finance costs and thin volume growth. The spike in finance costs were in the African subsidiaries. Group operations Revenue went up from N2.2 trillion in 2023 to N3.5 trillion in 2024 Up 62.1% year on year Operating profit went up…
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Good Morning and welcome to this week’s edition of Bulls and Bears. This is a weekly thread where i look at happenings on the NGX, US equities and occasionally global macro. If you have any questions, please feel free to share. You can also send an email to info@greentickertales.com or use this anonymous link. A…
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9M 2024 numbers for Dangote Cement show an essentially flat performance due to the spike in finance costs. Except Q4 rebounds strongly, FY 2024 profit after tax may come in lower than the prior year. About the firm Dangote Cement Plc was incorporated in Nigeria as a public limited liability company on 4 November 1992…
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Good morning and welcome to this week’s edition of Bulls and Bears, my weekly thread on the US and Nigerian equity space. If you have any questions, please feel free to share. The NGX ended last week on a positive note. It appreciated by 0.5% closing at 97,722.28 points. John Holt was the best performing…