Dangote Firms Post Massive Profit Surge as Earnings Jump 52% in Q1
Nigeria, June 4 -- With a combined profit before tax of N456.68 billion in the first quarter, a stunning 52 percent increase over the N300.61 billion recorded in the same period last year, Dangote Group's three publicly listed businesses had a strong start to 2026.
Rising revenues, increased operational efficiency, and lower production costs across key group companies drive the impressive performance, The News Chronicle reports. Dangote Cement led the earnings rebound with a pre-tax profit of N421.1 billion, up 35% from N311.9 billion a year earlier. The company also saw revenue rise to N1.19 trillion and profit after tax reach N321.09 billion.
Even with lesser top-line performance, NASCON Allied Industries kept its development t...
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