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Earnings Forecast: Dangote Cement Forecasts N 69 billion Q1 Revenue, Predicts PAT Increase of 41%

By on January 4, 2012

Dangote Cement has disclosed to the Nigerian Stock Exchange its revenue forecast for the first quarter of 2012 (Q1, 2012). The largest cement manufacturer in sub-Saharan Africa is poised to earn N 69.16 billion, an improvement of 27% over its performance in Q1, 2011 according to the company’s estimates.

The company also disclosed that it intends to rake in N 38.55 billion as net income over the first quarter, which is an improvement of 41% over the same period last year.

Earnings Forecast. Forecast Profit and Loss Information.  

 

Turnover                                                                                              N69.167b

Cost of Sales                                                                                        (N27.093b)

Operating Expenses                                                                         (N2.891b)

Other Income                                                                                     N3.110b

Interest & Similar Charge                                                              (N3.735b)

Profit before Tax                                                                               N38.557b

Forecast Taxation                                                                            (Nil)

Profit after Taxation                                                                        N38.557b

 

CASH FLOW INFORMATION:

 

Cash from Operating Activities                                                   N67.994b

Net Cash Generated from Operating Activities                    N28.726b

Cash flow From Financing Activities                                        N19.597b

Cash Flow from Investing Activities                                         (N59.801b)

Net Decrease in Net Cash and Cash Equivalents                   (N11.477b)

Cash/ Bank Balance at the Beginning of the Period             N21.109b

Cash /Bank Balance at the End of the Period                         N9.631b