N1.6trn

Dangote Cement reported an increase in its bottom line for 2022 as its net profit slowed to a single digit from as much as 32 per cent in the preceding year. Although the growth was impacted by headwinds from operational costs and the urgency to commit part of revenue to expansion, revenue for the year under review came to N1.6 trillion from N1.4 trillion, a 17 per cent jump. The need to scale means sub-Saharan Africa’s largest cement producer invested more fund summing up to N249.3 billion in twenty five of its…