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Dangote Cement Earnings Soar 29% In Q3

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AFRICANGLOBE - Dangote Cement, a subsidiary of Dangote Group, has seen its Q3 net income rise 29 percent following radical investment projects across Africa and deeper local market penetration. Nigeria’s largest cement producer posted a N156.1 billion ($981.7 million) figure as compared to N107.1 billion ($673.5 million) recorded last year, with share price surging 59 percent this year to close at N190 ($1.19) as at this morning.
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