Dangote Cement has reported an impressive profit for the half year of 2024, with a 6.3% increase in earnings after taxes.

The company disclosed an increase in profit after tax up 6.3% to N189.9 billion in the period. The company's revenue was up 85.1% to N1,760.1 billion from its operations in Nigeria and pan-Africa region.

The revenue from the Nigerian operations rose by 60.3% to N991.4 billion in H1 2024, while EBITDA rose by 29.1% to N463.6B, excluding central costs and eliminations.

Speaking on the performance of the company, Arvind Pathak, Chief Executive Officer, said: “By leveraging our robust export-to-import strategy, Dangote Cement completed 14 shipments of clinker from Nigeria to Ghana and Cameroon.

"This effort resulted in a 55.2% surge in our Nigerian exports, underscoring our commitment to fostering African self-sufficiency.

“Looking ahead, we remain bullish about the growth prospect of the African region, evident in our increased capital investments.

"We continue to prioritise innovation, cleaner energy transition, and cost leadership towards achieving our vision of transforming Africa and building a sustainable future.”