NGX: Dangote Cement Gets Market Capitalization Of N4.47trillion
Posted By Town Crier News Nigeria
Published By Fitness Network Communications
Dangote Cement Plc’s share price ended the week at N262.30, the same amount it closed at the end of the previous trading week.
The company, which is the most capitalized cement producer on the NGX, has a total Market capitalization of N4.47 trillion as of market close this week.
Dangote Cement Plc is currently the second most-valued company quoted on the exchange and makes up roughly 22% of the total market capitalization of all stocks worth over one trillion.
NewsBeatng reports that the Q3 2022 financial result revealed a profit of N40.50 billion, representing a 52.67% dip from the N86.6 billion Y-o-Y. Meanwhile, revenue for the period stood at N369.21 billion, an 11.3% increase from the corresponding period of 2021.
