Connect with us

brands/telecom

Dangote Cement: Pan-African revenue for half-year grows by 139.9%  

Published

on

Dangote Cement Trucks Wrongfully Intercepted In Adamawa

Dangote Cement: Pan-African revenue for half-year grows by 139.9%

 

Dangote has continued to attract huge forex into the country through his pan-African operations as the half-year result for Dangote Cement indicates an increase in revenue from Pan-African operations by 139.9 per cent, growing to N807.1 billion as against N336.4 billion, reported in the corresponding period of 2023.

 

 

 

The cement plant also reported a 10.9 percent increase in the Nigerian market which rose from 8.0Mt to 9.0Mt in the half year ended June 30, 2024. According to the 2024 half-year results of the cement company, group volumes rose by 3.8 percent to 13.9Mt. Group revenue was up by 85 percent to N1,760 billion compared to N950 billion at the corresponding period in 2023 driven by 60 percent growth in Nigeria which rose to N991 billion from N618 billion.

 

 

 

As part of continuous efforts to promote a cleaner environment, Dangote Cement commissioned 11 of the 17 Alternative Fuel Projects across the Group and also took delivery of 300 full CNG trucks for its Nigerian business. It achieved a thermal substitution rate estimated at 10.5 percent for H1 2024 compared to  7.8 percent in H1 2023.

 

 

 

Chief Executive Officer, Dangote Cement, Arvind Pathak, in his remarks, said: “We effectively navigated macroeconomic headwinds to deliver positive results in the first half of the year. Group volumes were up 3.8%, with our Nigeria operations achieving double-digit volume growth of 10.9%. This growth was driven by improved efficiency across our operations and supported by increased market activity levels compared to the election year and cash crunch in 2023.

 

 

 

Despite the challenges of elevated inflation, high borrowing costs, and a further weakening of the currency in the first six months of the year, our business demonstrated strong resilience. This was due to our rigorous focus on cost minimisation and our diversified business model.”

 

 

 

He added, “Group revenue and EBITDA rose 85.1% and 50.3% to ₦1,760.1 billion and ₦666.2 billion, respectively. Our Profit After Tax (PAT) reached ₦189.9 billion, marking a 6.3 percent increase. I am pleased with the performance of our business, as key financial indicators are showing positive trends.

 

 

 

By leveraging our robust export-to-import strategy, Dangote Cement completed fourteen shipments of clinker from Nigeria to Ghana and Cameroon. This effort resulted in a 55.2 percent surge in our Nigerian exports, underscoring our commitment to fostering African self-sufficiency.

 

 

 

Looking ahead, we remain bullish about the growth prospect of the African region, evident in our increased capital investments. We continue to prioritise innovation, cleaner energy transition, and cost leadership towards achieving our vision of transforming Africa and building a sustainable future.”

Continue Reading
Advertisement

brands/telecom

Al-Yusuff International Travel and tour limited Opens Ilorin office

Published

on

Al-Yusuff International Travel and tour limited Opens Ilorin office

 

 

Al-Yusuff International Travel and tour limited is a leading hajji and umrah service provider in Nigeria. The firm is duly registered in Nigeria and with many years of successful and outstanding operation.

 

 

The good news reaching us from the company is that is opening her Ilorin office soon.

According to the information made available to us by the Chief Executive officer of Al-Yusuff International Travel and tour limited, Alhaji Mojeed Yusuff Oladele, the Ilorin office is located at Rukamat Plaza, No 1, Oro Road, Junction, Taiwo Road, Ilorin, Kwara, State.

He noted further that the grand opening is holding on Wednesday 11th, September. Many important personalities are expected to grace the grand opening.

Continue Reading

brands/telecom

Adron Homes – A Giant Stride in Nigeria’s Real Estate Development

Published

on

Adron Homes – A Giant Stride in Nigeria’s Real Estate Development

 

In the dynamic and rapidly evolving landscape of Nigeria’s real estate sector, one company has distinguished itself with visionary leadership, innovative projects, and a steadfast commitment to transforming housing development. Adron Homes and Properties, a key player in the industry, has redefined the standards of real estate in the country, making giant strides that resonate with both seasoned investors and first-time homebuyers alike.

 

 

Founded with a mission to make luxurious and affordable housing accessible to all Nigerians, Adron Homes has positioned itself as a leader in providing premium real estate solutions across the country. At the heart of its success is the company’s ability to understand and adapt to the evolving needs of the Nigerian market.

 

Adron’s strategy, under the leadership of its founder and CEO, Aare Adetola Emmanuel-King, has always been focused on making homeownership not just a dream but a tangible reality for many. This vision is driven by a firm belief that quality housing should be available to everyone, regardless of social or economic background.

The company’s approach to real estate development incorporates a broad spectrum of projects, from luxury estates to more affordable housing options, ensuring that their offerings cater to both the elite and middle-class demographics. With a presence in strategic cities like Lagos, Ibadan, Abuja, and beyond, Adron Homes has successfully expanded its footprint, creating a unique blend of architectural elegance, functionality, and modern living.

One of the major factors contributing to Adron Homes’ continued success is its focus on innovation and large-scale projects that reflect the aspirations of the modern Nigerian family. From residential estates that offer state-of-the-art facilities to eco-friendly environments designed to foster community living, the company is at the forefront of redefining urban living.

Key projects such as its Town Park and Gardens Emuren Imota, Eko City Park and Gardens, Lekki Epe,  Grandview Park and Gardens in Atan-Ota, Treasure Parks and Gardens in Shimawa, and Rehoboth Park and Gardens in Ibeju-Lekki are prime examples of how Adron is revolutionizing real estate in the country. These estates boast modern infrastructure, well-planned layouts, and amenities that enhance the quality of life—such as parks, recreational centers, and security networks.

What truly sets Adron apart is its focus on delivering high-value estates at affordable prices. This strategy has opened the doors for middle-class Nigerians to invest in quality homes and land, an opportunity that was previously reserved for the affluent. The company offers flexible payment plans, making it easier for individuals to own properties without the overwhelming burden of upfront payments.

In addition to affordability, Adron Homes is also committed to sustainable development. The company integrates eco-friendly practices into its projects, such as the use of solar energy, rainwater harvesting systems, and green spaces, ensuring that its estates not only meet today’s needs but are also future-proofed for tomorrow’s environmental challenges.

As cities continue to grow and urbanization rates in Nigeria soar, Adron’s focus on creating communities that promote wellness and sustainability becomes increasingly significant. The design of these estates encourages walkability, reduces carbon footprints, and promotes environmental stewardship, which is crucial in addressing the impacts of climate change in urban areas.

Beyond real estate, Adron Homes is making significant contributions to social and economic development. The company is not just creating homes but building communities. Through job creation, Adron Homes has provided employment for thousands of Nigerians, from architects and construction workers to administrative and sales personnel.

The company’s outreach programs, such as Adron Empowerment Initiatives, have also impacted lives across the nation, providing skills training, scholarships, and small-scale business support to those in need. This commitment to corporate social responsibility ensures that Adron is not only a commercial success but a company deeply rooted in community development and empowerment.

Operating in the Nigerian real estate sector comes with its challenges. Factors such as fluctuating foreign exchange rates, inflation, and unstable government policies pose significant risks. However, Adron Homes has demonstrated remarkable resilience, maintaining its growth trajectory while navigating these hurdles.

The company’s ability to weather economic storms is largely attributed to its sound financial management, diverse portfolio, and innovative approach to overcoming obstacles. By staying ahead of trends and embracing technology, Adron continues to adapt to the changing real estate landscape, setting an example for others in the industry.

As Adron Homes looks to the future, its growth plans remain ambitious. The company is expanding its portfolio beyond residential estates to include commercial real estate, hospitality, and tourism developments. This diversification aligns with Nigeria’s growing demand for multi-purpose urban spaces and integrated living solutions.

In line with this, Adron has already begun the development of estates tailored to emerging real estate trends, such as smart homes and tech-enabled buildings that reflect the shifting dynamics of the global property market. As Nigeria’s population continues to grow, and urbanization trends increase, Adron is positioning itself to be a key player in shaping the cities of the future.

In a country where the housing deficit continues to pose a major challenge, Adron Homes stands out as a transformative force. Its ability to blend affordability with luxury, coupled with its innovative approach to real estate development, has set the company apart as a leader in the Nigerian market.

Continue Reading

brands/telecom

Business Marketing online Platform Kwanza.com Connecting local buyers and international sellers.

Published

on

Business Marketing online Platform Kwanza.com Connecting local buyers and international sellers.

Dependable and reliable platform tested and trusted Kwanza.Com is on it again.

connecting international buyers to local sellers with full security assurance of any good and service.

For more details on all the services on this credible online selling and buying platform kindly log in to

www. kwanzo.Com… https://www.facebook.com/share/v/sXkVZJpjQn62a3Jq/?mibextid=oFDknk

Continue Reading

Cover Of The Week

Trending