Dangote Sugar Increases Dividend by 36.4% As Pre-tax Profit Rises

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Dangote Sugar Refinery Plc: Revenue expansion strengthens in Q3

Dangote Sugar Refinery shareholders to earn N1.50 final dividend.

The Dangote Sugar Refineries Plc in its published Full Year report for the period ended 31 December 2020 has proposed a final dividend of N1.50 to its shareholders. This is subject to approval at the forthcoming Annual General Meeting.
The Group reported a turnover of N214.298 billion, up by 33.03% from N161.086 billion reported in 2019.
Profit after tax for the period under review was N29.775 billion, up by 33.16% from the post-tax profit of N22.361 billion reported in 2019.
Earnings per share (EPS) increased to N2.45 from the EPS of N1.84 which translates to 33.16% growth year on year.

At the share price of N17.85, the P.E ratio of Dangote Sugar stands at 7.28x with an earnings yield of 13.73%.

Dangote Sugar Refinery Plc: Revenue expansion strengthens in Q3