Strong Q4 performance supports Dangote Cement Plc’s (DANGCEM) earnings in 2022FY despite the decline in profitability witnessed in 9M:2022. Expansion in revenue amidst lower volumes, robust cost reduction strategy (especially in Q4 were Nigeria EBITDA improved 37.01% QoQ), strengthened its earnings per share (EPS) to NGN22.27 in 2022FY (vs. NGN21.24 in 2021FY).
