Dangote Cement plans N1.25 dividend, bonus share for year 2011

LAGOS- Dangote Cement has announced  that its pre-tax profit rose to 118.28 billion naira ($750.70 million) in the year 2011, compared with 101.33 billion naira in the previous year.

Dangote Chairman Dangote Group

Nigeria’s biggest capitalised company proposed a 1.25 naira per share dividend, plus one bonus share for each 10 held.

Turnover rose to 235.91 billion naira, compared with 202.56 billion naira in the previous year, the company results said.

A release through the Nigeria stock exchange had previously given different profit and turnover figures for 2010.

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