Earnings Update | DANGCEM | H1:2020

At the end of H1:2020, Dangote Cement Plc’s. (DANGCEM) topline performance surpassed the corresponding period in 2019, shrugging setbacks by the COVID-19 pandemic in Q2:2020. Although city lockdowns (April -May) in some of its operating regions and loss of export volumes in Nigeria (a result of the sustained border closure) left its mark on group volumes in H1:2020, which dropped by 1.46%, revenue, however, grew by 1.95%, lifted by higher realized prices in most regions. Although the land border closure in Nigeria affected cement exports, the company has commenced its clinker exports from its newly completed terminal at the Apapa Port – adding c.28 Kilotonnes to Nigerian volumes.

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Earnings Update- DANGCEM H12020


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