Running on Fumes

Dangote Cement faces first earnings decline since 2019: Chapel Hill Denham

By David Whitehouse

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Posted on November 14, 2022 12:29

Men offload cement from a truck in Abuja © REUTERS/Afolabi Sotunde — REUTERS/Afolabi Sotunde

Dangote Cement is heading for its first decline in earnings per share (EPS) since 2019 as gas shortages hamper volume growth, according to research from Chapel Hill Denham.

EPS for 2022 is now forecast at 18.92 naira ($0.043) versus a previous estimate of 21.18, says the research by Mustapha Wahab.

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