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Stock & Analyst Updates | |
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Thursday,
February 27, 2020 / 02:27 PM / By CardinalStone Research / Header Image Credit: Dangote Cement
Dangote
Cement Plc (DANGCEM: TP N201.29) reported a 48.4% YoY
decline in profit after tax to N200.5 billion in its FY'19 audited report
released after close of market yesterday. The performance was weighed by
pressures on finance expense, higher selling & distribution cost, and a
surprise effective tax rate of 19.9% (vs. tax credit in the previous
year).
Some positives:
Some concerns:
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Cement Plc IR Page in Proshare MARKETS
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