Dangote Sugar Refinery Plc has started its financial year 2023 with a strong performance in its first quarter (Q1), showing improvement and maintaining its leadership position in the industry.
The company’s Q1, 2023 unaudited financials released on the Nigerian Exchange Limited revealed a profit after tax growth of 44.3 per cent year-on-year with an earnings per share of N1.05 as against N0.73 in Q1, 2022, following an expansion in gross margin of 458bps year-on-year.
Dangote Sugar’s revenue grew by 8.2 per cent year-on-year in Q1, 2023, supported by increases across its product lines.
