Dangote Sugar Revenue Leaps to N101billion

Dangote Sugar Refinery Plc, on Thursday, March 17, announced improvement in its consolidated and separate financial statement for the year ended December 31, 2015 with N101.058 billion.

The sugar refinery company’s revenue leaped from N94.856 billion in 2014 financial year represented N6.202 billion increase.

It spent N80.329 billion on cost of sales in 2015 against N76.227 billion it spent on the same purpose in 2014.

The company gross profit stood at N20.728 billion at the end of 2015 financial year from N18.628 billion in 2014.
Its profit before tax rose by N956 million from N15.592 billion it made in 2014 toN16.548 billion at the end of current year. While its profit after tax stood at N11.535 billion in 2015 from N11.636 billion in 2014.

Its earnings per share dropped from N97 kobo in 2014 to N96 kobo during the review period of 2015, indicates N1 kobo or 1.03 per cent increase.