Sugar Refinery Manufacturer and Supplier, Dangote Sugar, released its half year 2020 scorecard to the market on 29th July, 2020, showing that its total turnover was up by 28.46% to N103 billion for the first six months of 2020 from N80 billion recorded same period last year.
The company also ended the period with a Profit after tax of about N11.581 billion in contrast to the PAT of N10.976 billion recorded same period last year. This translates to about 6% year on year bottom-line improvement.
The company’s shareholders’ earnings per share appreciated by 5.51% to stand at 97 kobo from 91 kobo reported last same period.
Its PE Ratio is at 12.38x at a reference price of N11.95 with an earnings yield of 8.08%