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Home Companies Company News

Q1 2018 Results: Dangote Sugar Refinery Plc records 11% increase in profits

mudeerat olawunmi by mudeerat olawunmi
April 30, 2018
in Company News, Company Results, Markets, Stock Market
Dangote sugar
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Dangote Sugar Refinery Plc today released its financial statements for the period ended Q1 March 31st 2018.

Here are the key highlights of the results;

Revenue

The company reported Revenue of ₦41.14 billion for the period ended March 2018 compared to ₦59.53 billion reported for the period ended March 2017. This represents a 31% decrease for the comparative period in 2017.

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Profit Before Tax

Profit before tax was ₦8.39 billion for the period ended March 2018, a 19% increase from the ₦7.04 billion reported for the period ended March 2017.

Profit After tax

The company’s profit after tax for the period ended March 2018 was ₦5.28 billion compared to ₦4.76 billion reported March 2017. This represented a 11% increase for the comparative period in 2017.

Earnings Per Share

Dangote Sugar Refinery Plc also reported earnings per share of 45 kobo for the period ended March 2018 compared to 40 kobo reported for the period ended March 2017. This represents a 13% increase for the comparative period in 2017.

Current Share Price 

Dangote Sugar closed at ₦20.50 in today’s trading session, down 4.21%.

DOWNLOAD DANGOTE SUGAR REFINERY PLC RESULTS.


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Tags: Dangote Sugar Refinery PlcQ1 2018 financial result
mudeerat olawunmi

mudeerat olawunmi

Mudeerat Olawunmi is a graduate of Business Administration with over 5 years experience in online data gathering and analysis. Wunmi is a data analysts at Nairametrics and helps ensure that our readers get some of the most important macro and micro economic data required to help make investing decisions.

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