Dangote Cement Plc in 2021 financial year outshined its peers in the industry in revenue profits and dividend payout to shareholders who invested in the company’s stocks on the Nigerian Exchange Limited (NGX).
The company remarkably grew its revenue to N1.38trillion, an increase of 34 per cent from N1.03trillion reported in full year ended December 31, 2020.
However, BUA Cement Plc grew revenue by 23 per cent to N257.33billion in 2021 from N209. 44billion reported in 2020, while Lafarge Africa Plc delivered a revenue of N293 billion in the full-year period compared to N231 billion in the same period of 2020. Revenue of Lafarge Africa grew from the largest segment, cement sales, was at 26% year on year.
Meanwhile, Dangote Cement growth in revenue impacted positively on profit before tax that grew by 44.2per cent to N538.4billion in 2021 from N373.3billion reported in 2020.
On the flipside, BUA Cement’s profit before tax grew by 30.4per cent to N102.87 billion in 2021 from N78.87billion in 2020 as Lafarge Africa hits N62.25billon in profit before tax from N37.5 billion in 2020.
On dividend, Dangote Cement declared a final dividend of N20 per share for the financial year ended December 2021. This is up 25% from the N16 announced for the 2020 financial year. The firm did not pay any interim dividend during the course of the year.
Lafarge Africa proposed a final dividend of N1.00 per share for FY 2021, taking the total dividend payment for the period to N2.00 kobo, after interim dividend payment of N1.00 kobo
In addition, the board of BUA Cement proposed a final dividend of N2.60 dividend per 1 ordinary share of 50 kobo each (an increase of 25.6per cent above N2.07/s in 2020), implying that shareholders are to enjoy a dividend yield of 3.7per cent based on the closing price of N70.75 (March 30).
