Nigerian cement volumes climb to record levels for Dangote in 1Q21 03 May 2021
Dangote Cement s Nigerian operations sold over 4.9Mt, including exports, up 22.2 per cent on the 4Mt sold in 1Q20. This represents the highest quarterly volume sold from the company s Nigerian operations. When looking at the domestic sales alone, our Nigerian operations sold 4.8Mt, up 18.7 per cent YoY.
While the company s ex-factory prices have remained stable since the end of 2019, revenues for Dangote’s Nigerian operations increased by 33.7 per cent to NGN239.7bn. In Nigeria, Dangote achieved a record quarterly EBITDA of NGN157.9bn at a margin of 65.9 per cent excluding central costs and eliminations (2020: NGN103.4, 57.6 per cent).