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Dangote Sugar Plc has released its financial statements for the year ended Monday, December 31, 2018. Below are the key highlights of the results:


The company recorded a revenue of N150.3 billion for the period under review, compared to N204.4 billion in 2017. This represents a 26.4 percent decrease year on year.

Profit before tax

Dangote’s profit before tax decreased from N53.5 billion in 2017 to N34.6 billion in 2018, representing a 35.4 percent decrease year on year.

Profit after tax

The company’s profit after tax also dropped from N39.7 billion in 2017 to N21.9 billion in 2018. This represents a 44.8 per cent decrease.

Earnings per share

Dangote Sugar recorded earnings per share of N1.85 in 2018 compared to N3.31recorded in 2017. This represents a 44.1 per cent decrement.



Famuyiwa Damilare is a trained journalist. He holds a Higher National Diploma (HND) in Mass Communication at the prestigious Nigerian Institute of Journalism (NIJ). Damilare is an innovative and transformational leader with broad-based expertise in journalism and media practice at large. He has explored his proven ability in the areas of reporting, curating and generating contents, creatively establishing social media engagements, and mobile editing of videos. It is safe to say he’s a multimedia journalist.


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