Dangote Cement Plc share price has appreciated with N1.00 to end the trading week at N262.00 from N261.00.
The company, which is a competitor of Bua Cement Plc and Wapco Plc, and the most capitalized cement producer on the NGX, has a total Market capitalization of N4.46 trillion as at market close last week.
NewsBeatng reports that 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.
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.