Dangote Sugar Set To Post Stronger Full Year Earnings On Border Closure, Despite Q3 Mixed Numbers
December 23 2019.
This report observed the nine months financial statistics of Dangote Sugar for the period ended 30th September, 2019, compared same to figures released in the similar quarter of 2018 for the purpose of establishing growth. Meanwhile, we have carefully valued each units of Dangote Sugar share price, by exploring the past full year financials, thus achieving growth rates on various key financial items for projection. With 1.44 million MT refining capacity, Dangote Sugar is Nigeria’s largest producer of household and commercial sugar. The firm also operates the Savannah Sugar Company Limited, an integrated sugar production facility, with an installed factory capacity of 50,000 tonnes. At the end of 2019 third quarter business session, the management of Dangote Sugar reported a turnover figure of N117.42 billion, this is only 0.57% above the N116.75 billion reported at the end of the corresponding period of 2018
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