Dangote Cement posted a record profit after tax of N210.2 bn.

The largest capitalised company on the Nigerian Stock Exchange, Dangote Cement, has posted a record profit after tax (PAT) equal to N210.2 billion for the company and N201.2 billion for the group.

These figures were contained in the latest audited account released in Lagos.

In 2012, the cement manufacturing octopus made a PAT of N145 billion for the group and N146 billion for the company. 

Gross profit stood at N243 billion for the company last year, as against N146 billion earned in 2012.

The company reported an increase of about N100 billion in its turnover, from N298 billion for the group in 2012 to N386 billion last year. 

Earnings per share was N11.85, according to the group performance, while in 2012, each share earned N8.52.

The company has not indicated what it intends to pay as dividend to its shareholders.

Source: Legit.ng