• About
  • Advertise
  • Contact
Saturday, August 2, 2025
  • Login
Vital News
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
Vital News
No Result
View All Result
Home Business

Dangote Sugar Declares N36.27bln Profit In 9 Months

Vital News by Vital News
October 31, 2022
in Business
0
Share on FacebookShare on Twitter

Lagos – Dangote Sugar Refinery Plc has announced a Profit Before Tax of N36.27 billion for a duration of nine months that ended September 30, 2022.

Group Managing Director, Dangote Sugar Refinery Plc, Mr Ravindra Singhvi, made this known in a statement on Sunday in Lagos.

He said that the company’s PBT rose by N13.17 billion compared to N23.10 billion posted in the corresponding period in 2022.

Singhvi added that Profit After Tax rose from N15.51 billion to N24.83 billion, while revenue went up from N195.50 billion to N288.32 billion.

He attributed the positive results for the period to key trade interventions introduced during the year and positive market responses.

RelatedStories

Dangote Cement Set To Commission 3Mta Grinding Plant In Côte d’Ivoire

Dangote Says Tinubu’s Economic Policies Working, Reviving Private Sector

Aliko Dangote Retires From Dangote Cement Plc

Gov. Ododo Inspects Ultra- modern Market, Three Other Ongoing Projects In Lokoja

He recalled that the company recorded a PBT of N29.73 billion for the half year ended June 30, 2022, while PAT hit N20.24 billion in that period.

“Our impressive performance in the period demonstrates our resilience in the face of prevalent challenges, which rightly reflected in strong top-line growth as seen in the financial results,” he said.

Singhvi said that Dangote Sugar Refinery had continued to implement its sugar backward integration projects plans and enhance its out-growers scheme to support the economic growth.

He said the company’s aim was to develop a robust out-grower scheme with no fewer than 5,000 outgrows when the projects have fully taken off.

This, he explained, was in addition to the achievement of other targets of its ‘Sugar for Nigeria Project’ plan.

“The key focus of the sugar refinery is the achievement of the Dangote Sugar Backward Integration Projects targets and putting Nigeria on the path of sugar self-sufficiency and the world sugar map.

“Employees’ health and safety as well as that of its partners remain a top priority at the company’s operations at the Apapa Refinery, its Sugar Backward Integration Operations in Numan, Adamawa and Tunga, Nasarawa.

“All processes are in compliance with stipulated health and safety protocols,” he said.

The News Agency of Nigeria reports that Dangote Sugar Refinery is Nigeria’s largest producer of household and commercial sugar with 1.44M MT refining capacity.

The company refines raw sugar imported from Brazil to white, Vitamin A fortified refined granulated white sugar suitable for household and industrial uses. (NAN/vitalnewsngr.com)

Tags: DangoteProfitSugartax
Previous Post

Buhari, North Proved To Me Nigeria Can Survive Its Unity, Tinubu To Afenifere Leaders

Next Post

“The Incorruptible Judge’’ Author, Prof. David Olagoke Dies At 88

Vital News

Vital News

RelatedStories

Dangote Cement Set To Commission 3Mta Grinding Plant In Côte d’Ivoire
Business

Dangote Cement Set To Commission 3Mta Grinding Plant In Côte d’Ivoire

July 30, 2025
Dangote Says Tinubu’s Economic Policies Working, Reviving Private Sector
Business

Dangote Says Tinubu’s Economic Policies Working, Reviving Private Sector

July 27, 2025
Aliko Dangote Retires From Dangote Cement Plc
Business

Aliko Dangote Retires From Dangote Cement Plc

July 25, 2025
Gov. Ododo Inspects Ultra- modern Market, Three Other Ongoing Projects In Lokoja
Business

Gov. Ododo Inspects Ultra- modern Market, Three Other Ongoing Projects In Lokoja

July 24, 2025
Africans In Position To Develop Africa, Dangote Tells Global CEOs
Business

Africans In Position To Develop Africa, Dangote Tells Global CEOs

July 14, 2025
Next Post

"The Incorruptible Judge’' Author, Prof. David Olagoke Dies At 88

Correctional Service Sacks 9 Officers, Retires 25 Others Over Misconduct

Don't Allow Nepotism, Parochial Sentiments Influence Your Voting In 2023 , Bishop Charges Nigerians

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow Us

Recommended

Corruption : EFCC Obtains Warrant To Extradite Diezani Alison-Madueke To Nigeria

Kogi Accuses EFCC Of Conniving With Politicians To Tarnish Former Governor Bello’s Image

1 year ago
EFCC vs Yahaya Bello : CSOs Insist On Rule Of Law, Raise Concerns Over Bello’s Safety

EFCC vs Yahaya Bello : CSOs Insist On Rule Of Law, Raise Concerns Over Bello’s Safety

1 year ago
Governor Kefas Presents ₦429bln 2025 Budget To Taraba Assembly

Governor Kefas Presents ₦429bln 2025 Budget To Taraba Assembly

8 months ago
Tinubu Departs Abuja To France On Private Visit

Tinubu Departs Abuja To France On Private Visit

2 years ago

Instagram

    Please install/update and activate JNews Instagram plugin.

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Transport
  • Uncategorized

Topics

Abiodun Abuja APC arrest Atiku Bandits Bello Benue Buhari CBN cement Court Dangote death dies drugs Economy EFCC Election elections FG gunmen Hajj INEC Kano kidnap Kill Kogi Kwara Lagos NDLEA Niger Nigeria Ododo Ogun Oyo PDP Police Power refinery rescue road Security students Tinubu
No Result
View All Result

Highlights

Hafsoh Killer, Abdulrhaman Bello To Die By Hanging, Court Discharges, Acquits 4 Others

FG Seeks Partnership With Dangote Cement To Bridge Housing Gap

Canada Announces Plan To Recognise Palestinian State By September

Governor Alia Dissolves Benue Executive Council, Appoints New Chief of Staff

Dangote Cement Set To Commission 3Mta Grinding Plant In Côte d’Ivoire

Abdulrahim Thanks Governor Ododo Over Appointment as Governing Council Chairman Of Kogi College Of Nursing

Trending

NUC Team Pays Revalidation Visit To FUOYE, Lauds Visible Transformation Of Distance Learning Institute
Education

NUC Team Pays Revalidation Visit To FUOYE, Lauds Visible Transformation Of Distance Learning Institute

by Vital News
August 1, 2025
0

A delegation from the National Universities Commission (NUC) has paid a revalidation visit to the Distance Learning...

Work Ongoing To Re-Erect Three Towers Along Kainji-Birnin Kebbi Transmission Line – TCN

FG Awards Contracts Worth N68.7bln For Power Projects In Universities, Teaching Hospitals

July 31, 2025
Ododo Applauds President  Tinubu, Minister Of Works Over Ongoing Reconstruction, Expansion Of Abuja–Lokoja Highway

Ododo Applauds President Tinubu, Minister Of Works Over Ongoing Reconstruction, Expansion Of Abuja–Lokoja Highway

July 31, 2025
Hafsoh Killer, Abdulrhaman Bello To Die By Hanging, Court Discharges, Acquits 4 Others

Hafsoh Killer, Abdulrhaman Bello To Die By Hanging, Court Discharges, Acquits 4 Others

July 31, 2025
FG Seeks Partnership With Dangote Cement To Bridge Housing Gap

FG Seeks Partnership With Dangote Cement To Bridge Housing Gap

July 31, 2025
ADVERTISEMENT
Vital News

Vital News is an online newspaper with a mission to uphold professional journalism by reporting and publishing only facts and figures-based news reports across Nigeria and beyond.

Recent News

  • NUC Team Pays Revalidation Visit To FUOYE, Lauds Visible Transformation Of Distance Learning Institute August 1, 2025
  • FG Awards Contracts Worth N68.7bln For Power Projects In Universities, Teaching Hospitals July 31, 2025
  • Ododo Applauds President Tinubu, Minister Of Works Over Ongoing Reconstruction, Expansion Of Abuja–Lokoja Highway July 31, 2025

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Transport
  • Uncategorized

© 2022 Vital News - . All Rights Reserved.

No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security

© 2022 Vital News - Vital News by Vital News.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In