Nigeria, March 1 -- Dangote Cement posted a twofold leap in net profit for 2025, compared to the preceding year, despite a decline in its trade volume as the industrial powerhouse capitalised on hikes in the price of cement during the year to lift revenue.
The earnings report of the manufacturing giant out on Saturday showed earnings climbed past the N1 trillion mark, thanks to a stronger turnover and a steep reduction in finance costs.
Revenue quickened by 20.3 per cent to N4.3 trillion, in spite of a drop in sales volume to 27.5 million from 27.7 million a year ago as a restrictive and thinly competitive cement market in Africa's most populous country continues to throw the door open for cement makers to reap big.
Cement production a...
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