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DANGOTE SUGAR
News and analysis about Dangote Sugar
Dangote Sugar Refinery has announced the suspension of its proposed merger with Dangote Rice Limited and Nascon Allied Industries plc for the time being.
In the face of economic challenges, the consumer goods sector experienced bleak financial outcomes for the 2023 fiscal year. Despite the challenging financial performance in 2023, investors have maintained confidence in the stocks, as indicated by their YtD gains in Q1 2024.
Dangote Sugar has become the second Aliko Dangote-owned company to cross the N1 trillion market capitalization level.
One day after crossing the 75,000 mark, the NGX has continued its bullish run, appreciating by 2.04%, gaining 1,546.69 points to hit 77,537.57 points.
In a significant turn of events, shareholders of Dangote Sugar Refinery find relief as the company's share price has been uptick and up 258% YtD.
The Dangote Sugar Refinery (DSR) employs no fewer than 7,000 workers yearly in its Backward Integration Project (BIP) in Numan, Adamawa State.
The Nigerian equities opened the last trading week of August on a positive note, extending gains from the previous session as investors continued to take positions on blue-chip firms.
Dangote Sugar (Dangsugar)in its H1 2023 results reported a 9.3%y/y growth in Revenue to N202.78bn from N185.46bn in H1 2022.
NASCON Allied Industries Plc's Board of Directors, on Thursday, July 28, 2023, approved a plan to merge with Dangote Sugar Refinery Plc. and Dangote Rice Limited, subject to regulatory and shareholder approvals.
Six FMCG companies in Nigeria reported a surge in revenue despite economic challenges in 2022 due to the war in Ukraine
In its 2022 financial year, the company announced a 46.02% increase in revenue to N403.24 billion from N276.05 billion.
The Dangote Sugar Refinery Plc (DSR) has scaled up its social intervention programmes around host communities in Adamawa...