Dangote Sugar records N403.24bn revenue

Dangote Sugar refinery Plc has reported revenue of N403.24bn in its 2022 audited financial statement.

The financial statement was released on the website of the Nigerian Exchange Limited.

The N403.24bn recorded in 2022 as revenue went up by 46.07 per cent from the N276.05bn in 2021.

For profit after tax, Dangote Sugar posted N54.74bn in the 2022 financial year. The PAT for 2021 was N22.05bn.

The group’s earnings per share stood at N4.51 against N1.82 recorded in the comparative period of 2021.

The proposed dividend for the FY 2022 was N1.50 per ordinary share of 50kobo from the profit.