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Home Companies Company News

Dangote Sugar Reduced Sugar Prices By 25% In December 2012 Yet Volume Increased In Q1 2013

Ugodre Obi-chukwu by Ugodre Obi-chukwu
May 12, 2013
in Company News
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When I reviewed Dangote Sugar Q1, 2013 I mentioned that the revenue was flat. However, the MD on a recent ABN Digital interview last week confirmed that the flat revenue was as a result of a slash in sugar prices by 25% in December 2012. Despite that the company increased its volume of sugar sold from 3.2million in 2012 to 4.2million in Q1 2013 resulting in a 2% increase in revenue. He also discussed the impact of the acquisition of Savannah Sugar. He also confirms he does not see any further reduction in sugar prices.

See more here

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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 9:08 am

    @eloka51 this is why ==> https://t.co/6TJultx9Cj

    Reply

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