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ARM Research ...
  • Oyinkansola Aregbesola
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Dangote Cement Plc 2024FY Earnings Note | Forging Ahead

Dangote Cement Plc (DANGCEM) delivered strong revenue growth in 2024FY, driven by effective price adjustments and consistent sales, demonstrating resilience against a challenging macroeconomic backdrop. While the company successfully managed inflationary pressures and currency depreciation, rising operating costs and increased finance charges limited overall profitability.

In 2025FY, DANGCEM is positioned for improved earnings, supported by capacity expansion, cost-optimization initiatives, and continued expansion into export markets, positioning the company for sustained growth despite economic challenges.
Underlying
Dangote Cement PLC

Provider
ARM Securities Limited
ARM Securities Limited

ARM Securities Limited is a full-service brokerage house that offers best-in-class brokerage services to local as well as foreign private and institutional investors. Formerly known as Hamilton Hammer, the Company commenced operation in 1994 and was acquired by ARM Investment Managers in 2008--an acquisition which has successfully re-positioned the company as a recognized brokerage firm in Nigeria. The Company is a dealing member of the Nigerian Stock Exchange (NSE) and is regulated by Securities and Exchange Commission (SEC). ARM Securities research team provides insightful commentaries on the Nigerian economy and its equity and debt markets using an approach which incorporates a thorough understanding of the fundamentals of the industries and companies under coverage. The research therefore adopts an integrated methodology of top-down analysis and bottom-up stock selection, which focuses on publicly quoted companies on the Nigerian Stock Exchange that are judged to offer the highest potential for earnings growth. In addition, its analysts provide periodic commentaries on a range of topical global and local issues which provide investing clients with a holistic view of the opportunities and risks in today’s financial market landscape. ​

Analysts
ARM Research

Oyinkansola Aregbesola

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