• About
  • Advertise
  • Contact
Friday, May 9, 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

NASCON Records100% Growth In Dividend Payout, Attributes Higher Profitability To Massive Expansion Drive

Dangote Sugar Grows Profit To N665bln From N441bln In 2024

Dangote Packaging Limited Launches New Equipment

Abuja Continental Hotel : A New Landmark In Nigeria’s Hospitality Industry

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

NASCON Records100% Growth In Dividend Payout, Attributes Higher Profitability To Massive Expansion Drive
Business

NASCON Records100% Growth In Dividend Payout, Attributes Higher Profitability To Massive Expansion Drive

May 8, 2025
Dangote Sugar Grows Profit To N665bln From N441bln In 2024
Business

Dangote Sugar Grows Profit To N665bln From N441bln In 2024

April 30, 2025
Dangote Packaging Limited Launches New Equipment
Business

Dangote Packaging Limited Launches New Equipment

April 4, 2025
Abuja Continental Hotel : A New Landmark In Nigeria’s Hospitality Industry
Business

Abuja Continental Hotel : A New Landmark In Nigeria’s Hospitality Industry

March 26, 2025
Dangote Resumes Construction Of  6Mta Cement Plant At Itori, Promises To Build Nigeria’s Largest Seaport At Olokola
Business

Dangote Resumes Construction Of 6Mta Cement Plant At Itori, Promises To Build Nigeria’s Largest Seaport At Olokola

March 17, 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

Guber Poll – APC Candidate, Ododo Meets Kogi Indigenes In Kano, Promises Even Development

Ogun APC Chairman, Fohun Abiola Is Dead, Governor Abiodun Mourns, Condoles Family, Associates

2 years ago
Gov. Abiodun Appoints Dr. Oluwatoyin Taiwo As New Chief Of Staff

Gov. Abiodun Appoints Dr. Oluwatoyin Taiwo As New Chief Of Staff

4 months ago
Vandals Destroy 6 NDPHC Towers, Kill One Vigilante

Nigerians Pay N1.367trilion For Electricity In 23 Months

2 years ago
Ondo PDP Chairman, Fatai Adams Is dead

Ondo PDP Chairman, Fatai Adams Is dead

1 year 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 Court Dangote death drugs Economy EFCC Election elections FG Fraud gunmen Hajj INEC Kano kidnap Kill Kogi Kwara Lagos NDLEA Niger Nigeria Ododo Ogun Oyo PDP Police Power rescue road Security Senate students Tinubu US
No Result
View All Result

Highlights

President Tinubu Appoints MDs, Chairmen For Regional Development Commissions

Hajj 2025 : NAHCON Commences Airlifting Of 40,671 Pilgrims To Mecca

NASCON Records100% Growth In Dividend Payout, Attributes Higher Profitability To Massive Expansion Drive

President Tinubu In Anambra, Promises To Tackle Erosion, Reactivate Gas Plan, Integrate State Into National Rail Systems

Robert Prevost Is The New Pope

New Pope Is Chosen As White Smoke Popped Up From Sistine Chapel

Trending

Kogi Police Command Organises Conference On Operational Capacity, Mental Health, Financial wellness For Officers
News

Kogi Police Command Organises Conference On Operational Capacity, Mental Health, Financial wellness For Officers

by Vital News
May 9, 2025
0

The Kogi State Police Command has organised a one - day strategic conference for its senior officers,...

Police Arraign Ekiti Woman For Reneging On Marriage Promise After Collecting N607,500 From Suitor

Kogi Judicial Service Commission Sends Judge On Compulsory Retirement For Corruption, Suspend Magistrate For Two Years

May 9, 2025
Tertiary Institutions, Banks Conniving To  Underdisburse NELFUND Loans To Students – Report

TMV Hails NELFUND’s Disbursement Of N53bln, Says Nigerian Students Have Cause To Celebrate

May 9, 2025
Tinubu, Dangote Refinery And Mele Kyari’s Sack

President Tinubu Appoints MDs, Chairmen For Regional Development Commissions

May 9, 2025
Hajj 2025 : CBN Approves Cash-based BTA For Pilgrims To Ease Travel Demands

Hajj 2025 : NAHCON Commences Airlifting Of 40,671 Pilgrims To Mecca

May 9, 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

  • Kogi Police Command Organises Conference On Operational Capacity, Mental Health, Financial wellness For Officers May 9, 2025
  • Kogi Judicial Service Commission Sends Judge On Compulsory Retirement For Corruption, Suspend Magistrate For Two Years May 9, 2025
  • TMV Hails NELFUND’s Disbursement Of N53bln, Says Nigerian Students Have Cause To Celebrate May 9, 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