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Home Industries Company News

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

Ugodre Obi-chukwubyUgodre Obi-chukwu
10 years ago
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

Dangote Sugar Q1 Results with CEO Abdullahi Sule

INTERVIEW

 

Tags: Dangote SugarNews Review

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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