…As Dangote Sugar Records 13.7 Percent Increase In 2020 Production (AFRICAN EXAMINER) – Dangote Sugar Refinery Plc has urged government to faithfully follow through the Backward Integration Policy in the sugar industry as the nation stands to rake in foreign exchange up to $700millon yearly from Sugar production self-sufficiency. Chairman of Dangote Sugar Refinery Aliko […]
First Quarter: Dangote Sugar Refinery Posts N12bn Profit thisdaylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisdaylive.com Daily Mail and Mail on Sunday newspapers.
Group sales volume increased in the quarter by 5.7% to 200,510 tons attributable to sustained efforts to drive customer base expansion.
According to the result, the group revenue increased to N67.39bn indicating an increase of 41.5% over N47.64 bn. Growth in revenue advanced ahead of volume growth due to pricing benefits.
Commenting on the company’s 1st quarter 2021 performance, the Group Managing Director/CEO, Ravindra Singhvi said: “We commenced the year on a fair footing as our refineries in Apapa and Numan continue to operate ensuring the health and safety protocols are upheld and our commitment to the environment is sustained.
We remain committed to the implementation of the ‘Dangote Sugar for Nigeria’ Master plan as we continue to pursue our Backward Integration Projects.”