Earnings Flash | DANGOTE CEMENT PLC FY-2016

Earnings Flash | DANGOTE CEMENT PLC FY-2016 Results
Financial Highlights (N'Mn)
Headlines	FY- 2016	FY - 2015	Change
Revenue	615,103	491,725	25.1%
Cost of sales	-323,816	-201,808	60.5%
Gross Profit	291,287	289,917	0.5%
Investment Income	43,817	13,494	224.7%
Financial Expenses	-45,381	-33,477	35.6%
Profit/Loss Before Tax	180,929	188,294	-3.9%
Taxation	5,695	-6,971	-181.7%
Profit/Loss After Tax	186,624	181,323	2.9%
	FY- 2016	FY - 2015
Cash and cash equivalents	115,693	40,792	183.6%
Trade & Other Receivables	26,279	11,544	127.6%
Trade & Other Payables	268,966	127,597	110.8%
Net Assets	797,345	644,720	23.7%
Gross Margin	47.4%	59.0%	-11.6%
Net Margin	30.3%	36.9%	-6.5%
Cost to Sales	52.6%	41.0%	11.6%
Dividend Declared (N)	8.50
Price(N)	168.99
Dividend Yield	5.0%
EPS(N)	11.0
BVPS	46.8
P/E(x)	15.4
P/BV(x)	3.6
ROAE	25.9%