WorldStage Newsonline-- Dangote Cement Plc on Wednesday released its results for the first quarter ending March, 2012 and also its financial year ending December 2011 on the floor of the Nigerian Stock Exchange with Q1 revenue said to have grown by 17.6per cent from N54.507 billion in 2011 to N64.114 billion first quarter this yearr, while its revenue for full year 2011 stood at N235.914 billion.
The company said that Profit before Tax in first quarter rose by nine per cent to stand N30.316 billion when compared with N27.825 billion recorded in first quarter of last year, while profit before tax for the full year ending December 2011 stood at N117.664 billion.
The statement further said that taxation in first quarter of this year dropped by 98 per cent from N433.620 million in 2011 to N9.691million this year, while taxation in the full year ending December 2011 stood at N7.626 billion.
It noted that the company’s Profit after Tax grew by 10.7 per cent to stand at N30.326 billion as against N27.391 billion recorded last year in first quarter ending March, while profit after tax in the full year 2011 stood at N125.291 billion.
It added that Net Asset grew by 10.5 per cent to stand at N330.290 billion as against N298.778 billion recorded last year in first quarter ending March.