The company’s cost of sales – money spent on the production of the cement sold by the company – increased by 20 percent from N113.9 billion to N136.4 billion.
Nigeria’s largest cement makers, Dangote Cement Plc, BUA Cement Plc and Lafarge Africa, reported a combined profit before tax increase of 61.90 percent in the first half of this year.
But the bumper earnings failed to boost investors’ appetite for the companies’ stocks as their share prices
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