Dangote Sugar Refinery Plc has reported a profit before tax of N11.95 billion for the first quarter ended March 31, 2021.
The profit before tax was higher by 25.79 per cent when compared with N9.5 billion posted in the corresponding period of 2020.
The company’s Group Managing Director/Chief Executive Officer, Mr Ravindra Singhvi, disclosed this in an unaudited financial report released by the Nigerian Exchange (NGX) Ltd. in Lagos.
Singhvi said the profit after tax during the period increased by 30.3 per cent to N8.30 billion in contrast to N6.37 billion in the comparative period of 2020
He said that the results were a reflection of the company’s unrelenting drive to deliver consistent shareholder value.
According to him, group sales volume in the quarter rose by 5.7 per cent to 200,510 tonnes.
Read Also:Kwara , Dangote to disburse micro grants to 16,000 rural women
Singhvi attributed the growth in sales volume to sustained efforts to drive customer base expansion, several trade initiatives, and investments.
“Group production volume also increased by 4.3 per cent to 200,783 tonnes compared to 192,584 tonnes in 2020.
“The increase came from operations optimisation strategy despite the challenges of the Apapa traffic situation.
“The group revenue increased to N67.39 billion indicating an increase of 41.5 per cent over N47.64 billion in 2020,” he said.
The group managing director said the company’s first-quarter financial results showed commitment to enhanced value creations for all stakeholders.
“We commenced the year on a fair footing as our 1st quarter 2021 financial results show our commitment to delighting our customers and consumers with high-quality products and delivering value for all stakeholders.
“The health and safety of our people and partners remain our priority. Our refineries in Apapa and Numan continue to operate ensuring the health and safety protocols are upheld and our commitment to the environment is sustained,” he said.
Read Also:Dangote Sugar Refinery reports N26.70bn profit for 2020
Singhvi noted that the company had experienced improved yield from its sugar cane plantations and would continue to partner out-growers for the supply of sugar cane for production.
“We remain committed to the implementation of the “Dangote Sugar for Nigeria” master plan as we continue to pursue our backward integration projects,” he said.
Dangote Sugar Refinery is Nigeria’s largest producer of household and commercial sugar with 1.44M MT refining capacity at the same location.
The company’s refinery located at Apapa Wharf Ports Complex, refines raw sugar imported from Brazil to white, Vitamin A fortified refined granulated white sugar suitable for household and industrial uses. (NAN)
811992 345487i was just surfing along and came upon your weblog. just wanted to say very good job and this post truly helped me. 143691
954637 960799Will you care and attention essentially write-up most with the following in my webpage in essence your site mention of this weblog? 824827
Gurbetciler balik etli seksiii. turkish wife beauty arab turkish porn fucking turkish anal maman amateur anal.
Exclusive JIZZ Offer Join BRAZZERS Only 1$ Today!
Oakley ve Rubin için, toplumsal cinsiyet, kadın/erkek ilişkilerinin biyolojik temellerinden farklı ama onunla ilintili toplumsal bir
kategoridir.
Looking for an online pharmacy that sells diabetes medication without a prescription and with fast delivery.
Buy Prandin without a prescription online at a low
price to cure diabetes
Buy affordable online generic Actoplus without prescription Looking for a safe online pharmacy for insulin? We’re as safe as they
come (probably)
Hey there, I think your site might be having browser compatibility issues.
When I look at your website in Opera, it looks fine but when opening
in Internet Explorer, it has some overlapping.
I just wanted to give you a quick heads up!
Other then that, superb blog!
I love your blog.. very nice colors & theme. Did you create this website yourself or did
you hire someone to do it for you? Plz reply as I’m looking to create my own blog and would like to
find out where u got this from. kudos
Today, while I was at work, my sister stole my iPad and tested to see if it can survive a forty
foot drop, just so she can be a youtube sensation. My apple ipad is now broken and
she has 83 views. I know this is completely off topic but I had to share
it with someone!
Hi everyone, it’s my first visit at this web page, and piece
of writing is actually fruitful in favor of me,
keep up posting such content.
Your style is unique in comparison to other people I’ve read stuff from.
Thanks for posting when you have the opportunity, Guess I will just book mark this blog.
Great site you have here but I was wondering if you
knew of any message boards that cover the same topics
discussed here? I’d really like to be a part of group where I can get comments from other knowledgeable people that share the same interest.
If you have any suggestions, please let me know. Kudos!
It’s perfect time to make a few plans for the longer term and it’s
time to be happy. I’ve learn this put up and if I
may I wish to counsel you some interesting things or tips.
Maybe you can write subsequent articles regarding this article.
I want to learn more issues approximately it!
It’s an awesome piece of writing in favor of all the web users; they will get advantage from it I am sure.