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Dangote Sugar declares N131.95 billion for 2021 half-year revenue


N131.95 billion has been declared by Dangote Sugar Plc in the half-year period of 2021, reflecting a growth of 27.82% compared to N103.23 billion recorded in the same period of 2020.

According to the company’s latest financial statements for the second quarter of 2021, the subsidiary of Dangote Industries similarly revealed that net income increased by N1.03 billion, reflecting a growth of 8.89% from N11.58 billion recorded in the corresponding period of 2020 to N12.61 billion in the current period.

The company generates its revenue through the sale of sugar, molasses and freight income. The notes to account further revealed that the sale of sugar constitutes the majority of revenue recorded during the period while freight income generated the least income for the company.

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