Dangote Sugar increases post tax profit by 33%, as earnings per share prints at N2.45

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Dangote Sugar released its full-year results for the year ended 31 December 2020.

• Revenue during the year was N214.30 billion. (+33.03% YoY)
• Operating profit during the year was N44.44 billion. (+48.47%YoY)
• The company reported a profit after tax of N29.78 billion. (+33.16% YoY)
• Earnings per share N2.45 vs N1.87. (+31.02% YoY)
• A dividend of N1.50k was proposed by the Board of Directors.
• The company share price is trading at N16.50. (-6.25% year to date)

See link to results.