The company made its position known in a statement endorsed by the Group Managing Director, Michel Puchercos, on Friday
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The subsidiary’ sales Director, Funmi Sanni made the disclosure, affirming that customers are kings and Queens, as well as have done so much to ensure the dominance of Dangote Cement in the market, and as such, giving back to them in monetary terms is just a “way of saying thank you for their patronage”.
Unanimously, the shareholders approved N20 per share for the year ended December 31, 2021 as against the N16 paid in the preceding year. This represents a 25 per cent increase in dividend compared to the 2020 dividend of N16.00 per share, reinforcing the Company’s commitment to maximising shareholder value.
Unanimously, the shareholders approved N272.6 billion as dividend, translating to N16 per share for the year ended December 31, 2020. The 16 per cent increase in the company’s revenue led to a 36 per cent increase in its earnings per share of N16.14 as against N11.29 in 2019.
According to the financial result published by the country’s largest cement manufacturer on Friday, April 30, 2021, the amount is due from corporate tax for the period ended March 31, 2021.
The statement made available to the News Agency of Nigeria in Lagos also announced sales totaling 19.21 million tonnes for the period which ended on September 30, 2020 as against 18.02 million in 2019, showing a 6.6 per cent increase for the period.
Michel Puchercos, the Chief Executive Officer of the company, made this known in a statement in Lagos.
Michel Puchercos, Lafarge Africa Group Managing Director and Chief Executive Officer, said this at the company’s facts behind the offer at the Nigerian Stock Exchange in Lagos
Thursday said the competition was geared towards enhancing growth in the construction industry