Dangote Cement, Africa’s leading cement manufacturer, has reported its highest-ever quarterly revenue in the first quarter of 2024, with a turnover of N817 billion. This remarkable achievement underscores the company’s strong performance and resilience in the face of economic challenges.
The surge in revenue was primarily propelled by a substantial 26.1% growth in output in Nigeria, the company’s primary operational base. Dangote Cement’s Nigerian operations continue to be a cornerstone of its success, contributing significantly to its overall revenue growth.
During the first quarter of 2024, Dangote Cement further solidified its market presence by dispatching seven clinker-laden ships from Nigeria to Cameroon and Ghana. These strategic shipments not only bolstered the company’s regional footprint but also enhanced its capacity to meet the growing demand for cement in neighboring countries.
The impressive performance of Dangote Cement in Q1 2024 reflects its unwavering commitment to operational excellence, innovation, and customer satisfaction. Despite the prevailing economic uncertainties, the company remains focused on delivering value to its stakeholders while maintaining its position as a market leader in the cement industry.
As Dangote Cement continues to explore new avenues for growth and expansion, its Q1 2024 results serve as a testament to its resilience and determination to drive sustainable development across Africa’s construction sector.
