In its H1 2017 financials, Dangote Cement grew revenue by 41% to N413bn. Cost of sales was up by 28% resulting in a 54% rise in gross profit to N235bn. Improved operating income translated to a 25% increase in pre-tax profit to N156bn, while after-tax income rose by 39% to N144bn.
Total assets as shown on the group's balance sheet grew by 7% to N1.6trn, while financial liabilities dipped by 17%. Total assets grew by 12% leading to a 3% rise in net assets to N823bn. See details below.
| Income Statement | H1 2017 | H1 2016 | % Change |
| Revenue (mn) | 412,676 | 292,191 | 41% |
| Cost of Sales (mn) | 177,549 | 139,187 | 28% |
| Gross Profit (mn) | 235,127 | 153,004 | 54% |
| Operating expense (mn) | 72,840 | 56,310 | 29% |
| Operating Income (mn) | 163,498 | 98,042 | 67% |
| Net Finance Cost (mn) | (7,917) | 26,848 | -129% |
| PBT (mn) | 155,581 | 124,890 | 25% |
| Income Tax/Credit (mn) | 11,537 | 21,470 | -46% |
| PAT (mn) | 144,044 | 103,420 | 39% |
| Balance Sheet | H1 2017 | FY 2016 | % Change |
| Fixed Assets (mn) | 1,191,628 | 1,155,711 | 3% |
| Total Assets (mn) | 1,637,979 | 1,527,908 | 7% |
| Financial Liabilities (mn) | 127,123 | 152,475 | -17% |
| Total Liabilities (mn) | 815,291 | 730,563 | 12% |
| Net Assets (mn) | 822,688 | 797,345 | 3% |
| Working Capital (mn) | (242,354) | (209,083) | 16% |
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