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Home Opinions Blurb

Dangote Sugar Post N4billion Pre-Tax Profits For Q1 2013

Ugodre Obi-chukwu by Ugodre Obi-chukwu
May 9, 2013
in Blurb
Video==> Power Is No Excuse For Any Serious Business Not To Succeed – Dangote
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Dangote Sugar released 2013 Q1 earnings with revenue remaining nearly flat at N27.6billion. However, gross profit improved to 33% to N6.9billion as cost of sales declined by 5%. Operating profit also rose 35% to N5.4billion as operating expenses was contained relative to rise in Gross profit. Pre-tax profits also grew 45% to N5.9billion at the end of the period. Earnings per share for the quarter rose to 34kobo from 23kobo.

The increase in pre-tax profits was mostly due to reduction in cost of sale (N1.3billion). Their share price dropped 39% to N7.76.

Dangote Sugar 213 Q1 Snapshot

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Tags: Dangote SugarNigerian Company Results
Ugodre Obi-chukwu

Ugodre Obi-chukwu

Ugo Obi-Chukwu "Ugodre" is the Founder, Publisher, and Chief Analyst of Nairametrics, a leading business and financial news online platform in Nigeria. Ugo is also the Chief Editor of the Nairametrics “Blurb” Opinion pages. Follow Ugodre on Twitter @ugodre and Instagram @ugodre Email: ugodre@nairametrics.com

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Comments 1

  1. ugodre says:
    May 12, 2013 at 8:32 am

    DANGOTE SUGAR POST N4BILLION PRE-TAX PROFITS FOR Q1 2013 https://t.co/lTUsvucsvP #UGOMETRICSBLOGWEEKENDRECAP

    Reply

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