The companies, which include Dangote Cement Plc, BUA Cement Plc and Lafarge Africa Plc, recorded N2.419 trillion in sales revenue in H1’24 rising from N1.
049 trillion recorded in the corresponding period of 2023.
All the three leading producers including BUA Cement and Lafarge Africa are also optimistic of delivering impressive volume growth.
Sales volume risesDangote CementThe biggest industry player, Dangote Cement Plc, recorded overall sales volume increase of 3.8 percent to 13.
934 MMt in H1’24 from 13.420mmt in the corresponding period of 2023.
But its Nigeria operation saw a huge 10.93 percent volume increase to 8.
994MMT from 8.108mmts in H1 2023.
They said: “We believe the strong rebound in sales volume witnessed in H1-24 indicates a full recovery from last year’s downturn...
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