DANGOTE CEMENT PLC Q3’23 Earnings: Pan-African operations buoy group performance

Analyst: Abigail Alabi*Target price: ₦388.53Rating: BUYDangote Cement Plc recently released its 9M’23 earnings, reporting a topline growth of 29% to ₦1.5 trillion. For the Nigerian operations, cement volumes declined for the third consecutive quarter this year. Historically, the Q3 period is quite weak for cement players due to heavy rainfall during the period. As a…

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