The Nation Newspaper Dangote to run cement trucks on CNG next year
Chairman of Dangote Cement Plc, Aliko Dangote Dangote has said arrangements are in top gear for thousands of the company’s delivery trucks to run on Compressed Natural Gas in line with the Federal Government agenda on adoption of alternative fuel for official vehicles.
Dangote also announced an increase of 50 per cent on dividend payout to the shareholders, from N20.00 per share paid in the 2022 financial year to N30.00 for the last financial year 2023. He said: “This outstanding EBITDA performance was underpinned by our robust cost control measures and our diverse pan-Africa operations. The latter acted as a cushion, providing resilience to country-specific risks, while the former enhanced our overall profitability. Our pan-Africa operations now contribute 41.2per cent to the Group’s overall volumes.
He said: “Our diverse operations acted as a cushion, providing resilience to country-specific risks. Pan-African volumes were up 12.7 per cent and now account for 41.2 per cent of Group volume. Consequently, pan-African revenue increased by a record 123.2 per cent to ₦925.9 billion, while EBITDA surged by over four-fold to ₦263.7 billion.”
Chairperson of the Pragmatic Shareholders Association, Mrs. Bisi Bakare, lauded the management of Dangote Cement for what she described as a huge dividend payout even when many other companies could not pay their shareholders a dime because they declared losses.
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