Dangote cement wins 2012 Pearl awards

Dangote Cement Plc has emerged winner of the prestigious Securities and Exchange Commission (SEC) endorsed Pearl Award in three different categories in the 2012 edition.

 Leading the pack of other brands, Dangote Cement was adjudged by the board of governors of the Pearl Award Nigeria as the winner, Industrial Goods Sectorial Leadership Award, Building Materials category.

 The Dangote brand was also declared as the winner of the Highest Profit Margin Ratio Award in the Market Excellence Category for companies quoted on the stock market.

The winning streak was capped with the Overall Highest Award, having been nominated in all categories and winning more than any other brand. 

The president of the Pearl Award Board of Governors, Tayo Orekoya, in a letter addressed to the Group Managing Director of Dangote Cement Plc, named Cement Company of Northern Nigeria Plc (CCNN) and Lafarge WAPCO Cement as runners up respectively in the sectoral leadership category.

Guarantee Trust Bank and Presco Plc emerged runners up in Highest Profit Margin Ratio category while NEM Insurance and Nestle Nigeria Plc were runners up in the overall highest award.

Orekoya stated that the award would be given out to the winners during an Award Nite scheduled to hold in Lagos, on November 25.

He pointed out that the emergence of Dangote Cement Plc as the winner in the three categories was a great feat and was in recognition of the company’s outstanding operational and stock market performance in the 2011 year of assessment.

“The criteria for the awards, based on verifiable facts and figures, are included in the accompanying Brochure,” the organisers said.

Dangote Cement is Nigeria's leading cement producer with three plants in Nigeria and plans to expand in 13 other African countries.