Nigeria: Dangote Cement has recorded a 0.6% year-on-year rise in profit to US$163m for the first nine months of 2024. Revenue increased by 69% year-on-year to US$1.5bn, driven by price adjustments, up from US$885m in the same period in 2023. Gross profit also rose, up 36% year-on-year from US$568m to US$774m. The company has commissioned 11 out of 17 alternative fuel projects and recently integrated 1500 compressed natural gas trucks into its fleet in an attempt to reduce costs.
Dangote Cement publishes 2024 nine-month financial results
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