Dangote Sugar Refinery for the financial year ended December 2015 posted revenue of N101.057 billion. The result released by Nigerian Stock Exchange (NSE) showed that the revenue increased by N6.202 billion compared with N94.855 billion reported in preceding year. The company’s gross profit increased from N18.628 billion in the previous year to N20.728 billion within the year under review while operating profit moved upward to N18.852 billion in December 2015 from N13.592 billion recorded in comparable period of the year.
The profit before tax also went up from N15.273 billion in the previous year to N16.548 billion while profit for year dropped to N11.535 billion from N11.635 billion recorded in the preceding year. Total assets rose to N102.624 billion from N92.801 billion recorded in the previous year while total liabilities surged to N44.476 billion from N41.387 billion achieved in the previous year.