Dangote Cement Share Price Increases With N1.00 As Market Capitalization Stands At N4.46trillion

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.