Dangote Sugar Post N15.36bn Profit

This post is good news for those who make money from the purchase of Shares. Dangote Sugar was among the top 25 listed companies in West Africa according to Forbes publication. Dangote Sugar Refinery plc is a company in Nigeria and has just announced a gross profit of N15.36bn for third quarter.

The result, according to a statement by the company shows an increase of N5.19bn compared to 2011. Dangote Sugar had reported a profit after tax of N5.728bn second quater which ended in June30 2012, which results to a 91 percent increase, above the 2.999bn recorded in 2011.

The company ended the period with a turnover of N53.698bn, up by ten percent from N48.597bn posted in 2011. The refinery's performance received a boost with the introduction of Dangote vitamin A fortified sugar in kilogram. 500grams and 250 grams.

According to the statement, the acceptance of the new packages in the market has been a source of encouragement to the management as it set to achieve its goals. The management is optimistic that the continued implementation of the company's strategic policy and improved operation efficiencies, high turnover and improved margin are expected before the year runs out.

You can actually agree with me that investor and share holders of this company will be earning more cash and smiling to the bank at the end of the year. This is just an eye opener for you to invest in Africa and make more money with your investment. Happy Earning money. Thanks.
Source ; punchng

Comments

  1. Nice business ideas but i dnt believe in buying stocks

    ReplyDelete
  2. This money is huge even @ 3rd quarter

    ReplyDelete

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