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Home Business News

Dangote Sugar rakes in N204 billion as FY 2017 revenue

Onome Ohwovoriole by Onome Ohwovoriole
March 29, 2018
in Business News, Company News
Dangote Sugar rakes in N204 billion as FY 2017 revenue

Aliko Dangote, Chairman, Dangote Sugar Refinery

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Dangote Sugar today released its FY 2017 results. Revenue increased from N169 billion in 2016 to N204 billion in 2017. Profit before tax increased massively from N19.6 billion in 2016 to N53 billion in 2017. Profit after tax also moved from N14.3 billion in 2016 to N39.3 billion in 2017.

The company has declared a final dividend of N1.25 per share
Here is a copy of the result.

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Tags: Dangote Sugar
Onome Ohwovoriole

Onome Ohwovoriole

Onome Ohwovoriole has a degree in Economics and Statistics from the University of Benin and prior to joining Nairametrics in December 2016 as Lead Analyst had stints in Publishing, Automobile Services, Entertainment and Leadership Training. He covers companies in the Nigerian corporate space, especially those listed on the Nigerian Stock Exchange (NSE). He also has a keen interest in new frontiers like Cryptocurrencies and Fintech. In his spare time, he loves to read books on finance, fiction as well as keep up with happenings in the world of international diplomacy. You can contact him via onome.ohwovoriole@nairametrics.com

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Dangote Flour Mills records ₦125 billion as FY 2017 revenue

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