CORPORATE BRIEF: Dangote Sugar PLC released its unaudited third-quarter earnings. 

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Dangote Sugar Plc recently released its unaudited third-quarter earnings. 

The revenue increase was impacted by a rise in refined sugar prices. Revenue from Lagos accounted for a huge chunk of the total.

Growth witnessed in the Administrative expenses occurred as a result of increase in management and royalty fees and cost of travelling overseas.

Key Highlights:

  • The revenue increase was impacted by a rise in refined sugar prices. Revenue from Lagos accounted for a huge chunk of the total.
  • Growth witnessed in the Administrative expenses occurred as a result of the increase in management and royalty fees and cost of traveling overseas.
  • Selling & distribution expenses significantly declined due to a huge reduction in both carriage and marketing costs. This contributed to the cost management strategy of the firm.
  • Investment income surged due to interest earned on the short term deposits made by the firm which grew from 12 billion to 30 billion.
  • Finance cost rose due to bank charges paid on a borrowing from zenith bank in 2016. This increased borrowing increased the leverage of the firm as witnessed in its leverage ratio.
  • The firms Q3 2017 net income exceeded that of the full year 2016. We expect this strong performance to culminate to an increase in dividend.
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Kindly click on this link  to see full details on the Corporate Brief of the firm.
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CORPORATE BRIEF: Dangote Sugar PLC released its unaudited third-quarter earnings.  - Brand SpurCORPORATE BRIEF: Dangote Sugar PLC released its unaudited third-quarter earnings.  - Brand Spur

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CORPORATE BRIEF: Dangote Sugar PLC released its unaudited third-quarter earnings.  - Brand SpurCORPORATE BRIEF: Dangote Sugar PLC released its unaudited third-quarter earnings.  - Brand Spur

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- Advertisement -CORPORATE BRIEF: Dangote Sugar PLC released its unaudited third-quarter earnings.  - Brand SpurCORPORATE BRIEF: Dangote Sugar PLC released its unaudited third-quarter earnings.  - Brand Spur