Shareholders of Dangote Cement Plc (DCP) yesterday approved the N178.9 billion dividend recommended for the year ended December 31, 2017 and commended the board and management for the impressive performance despite the challenging operating environment.

The cement company, which is the biggest firm listed on the Nigerian Stock Exchange (NSE) ended 2017 with a profit after tax of N204.2 billion, up by 43 per cent from N142.9 billion in 2016. Based on that improved bottom-line, the board recommended a dividend of N178.9 billion, which translated to N10.50 per share, up from N8.70 the previous year.


Speaking at the 7th annual general meeting (AGM) of the company in Lagos, the excited shareholders said DCP had continued to create value for them, urging the board and management to maintain that leading performance going forward.

Specifically, DCP recorded a revenue of N805.6 billion, up by 31 per cent from N615.1 billion in 2016. Profit before tax rose by 60.1 per cent from N180.9 billion to N298.6 billion, while profit after tax grew by43 per cent to N204.2 billion, from N142.9 billion in 2016.

In his address to shareholders, Chairman of DCP, Alhaji Aliko Dangote said the board believed that the recommended dividend is at an appropriate level and was consistent with the company’s aim of delivering superior returns to shareholders, while at the same time balancing the company’s need to invest in growth.

He said as a company, DCP was accorded international credit ratings that were actually higher on a standalone basis than the sovereign country of Nigeria.

“This recognition should assure you, our shareholders, that our long-term view and prudent management are serving us well at a time when others in our industry are facing difficulties that challenge their independence and only serve to erode shareholder value,” he said.

Also speaking, the Acting Chief Executive Officer of DCP, Joseph Makoju said he was pleased with the way the company adapted to marketing efforts to the challenges in the Nigerian economy in 2017.

Looking ahead, Makoju said the company would return to volume growth, particularly in Nigeria as the economy recovers and the higher oil price brings more cash into the country.

“We will continue to focus on improving sales and logistic so we are well prepared for when the market picks up, which we are confident it will in 2018 as infrastructure investment begins to accelerate,” Makoju said.

http://www.akelicious.net/2018/06/dangote-cements-n179-billion-dividend.html

How do I become a shareholder at Dangote Cement Company Nig. Ltd?

Too much money!

Good for them.

Monopoly business, that is why there is no job in Nigeria, one man being backed by FG as sole market ownership by closing down other competitors.

Pathetic monopoly business. Cement is most expensive in Nigeria.

The rich get richer, the poor just wail.

Odingo1:
Monopoly business, that is why there is no job in Nigeria, one man being backed by FG as sole market ownership by closing down other competitors.

Boycott Dangote cement na

Na Waaaaaaa Ohhhhhh

[img]https://i./9k9k.gif[/img]

I'm begining to think it's about time one sank some coins into this company.. Always seem to make shareholders smile to the bank.

EddieCAD:
How do I become a shareholder at Dangote Cement Company Nig. Ltd?

speak to my son

the rich getting richer



no news here

Read my signature... Feel free to call me.

EddieCAD:
How do I become a shareholder at Dangote Cement Company Nig. Ltd?

Bring your money, we will open account for you and help you buy the share so that you can participate in next year dividend.

Which one b all this long english na? Just get straight to the point; The richest man s just gotten richer.

I

Odingo1:
Monopoly business, that is why there is no job in Nigeria, one man being backed by FG as sole market ownership by closing down other competitors.

Market leader not Monopoly. There are also other cement manufacturers that have same opportunities

Odingo1:
Monopoly business, that is why there is no job in Nigeria, one man being backed by FG as sole market ownership by closing down other competitors.

shut up if u have nothing to say, is there not lafarge and bua cement. Elephant and UNICEM nko

People are building houses then

Mine is on the way

As a minor shareholder, my minimum dividend I was told will recieve is between N4-7 million..

deenee:



Market leader not Monopoly. There are also other cement manufacturers that have same opportunities

Dangote controls atleast 60% of the market. He determines the price of cement in Nigeria. So what does that make him?

What dangote is doing in Nigeria is not biz.
How I wish there will arise a government that will open doors to small scale biz to grow.
We all hail and praise him but he single handedly pocketed the Nigerian biz. Is he not from the north again.
We scream and shout but they rule and control us till tomorrow.
Biz,politics,population,security apparatus,nnpc,name them.
And me and my fellow southerners are busy liking their nyash.
They are subtly and aggressively championing an Islamic Nigeria funded by these billionaires through oil from the south and we are very comfortable with such.

It might take time but my ethnic group will secede from them. The rest that feels comfortable with what is going on can continue.

dangotesmummy:
speak to my son

add your money in my account you are there.

Dangote, my mate in few years to come

ebuzchief:
add your money in my account you are there.

Send me your account details

dangotesmummy:


Send me your account details

Mummy Abi make I send mine too?. ..

Who God have bless!! Nobody can curse!!! Dangote I will be richer than you one day.