• About
  • Advertise
  • Contact
Saturday, May 31, 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 Rewards Distributors, Customers With CNG-Trucks, N11billion Cash At Awards Nite

Brand Africa : Dangote Beats MTN, DSTV, AZAM To Emerge Most Admired African Brand

At TIME100 Impact Dinner, Dangote Pledges More Investments To Uplift Vulnerable Populations

Food Security : Dangote Building Nigeria’s Largest Rice Mill In Niger, Backs Food Initiative

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 Rewards Distributors, Customers With CNG-Trucks, N11billion Cash At Awards Nite
Business

Dangote Cement Rewards Distributors, Customers With CNG-Trucks, N11billion Cash At Awards Nite

May 28, 2025
Brand Africa : Dangote Beats MTN, DSTV, AZAM To Emerge Most Admired African Brand
Business

Brand Africa : Dangote Beats MTN, DSTV, AZAM To Emerge Most Admired African Brand

May 25, 2025
At TIME100 Impact Dinner,  Dangote Pledges More Investments To Uplift Vulnerable Populations
Business

At TIME100 Impact Dinner, Dangote Pledges More Investments To Uplift Vulnerable Populations

May 23, 2025
Food Security : Dangote Building Nigeria’s Largest Rice Mill In Niger, Backs Food Initiative
Agriculture/ Water/ Mineral

Food Security : Dangote Building Nigeria’s Largest Rice Mill In Niger, Backs Food Initiative

May 23, 2025
Ododo, Minister, Other Stakeholders Laud Kogi’s Groundbreaking Annual Media Repor
Business

Kogi Resolves Tax Dispute With MTN

May 22, 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

President Tinubu Returns To Abuja, Signs N28.8tln 2024 Budget Into Law

FEC Approves 10% Appointments For Youths

1 year ago

Man Connives With Doctor, Nurse, To Sell His Baby For N400,000

3 years ago
NSCDC Raises Alarm Over Rising Cases Of Child Kidnapping In Osun

NSCDC Raises Alarm Over Rising Cases Of Child Kidnapping In Osun

9 months ago
NIREC Expresses Concern Over Rising Wave Of Killings, Abductions, Urges FG To Act

NIREC Expresses Concern Over Rising Wave Of Killings, Abductions, Urges FG To Act

9 months 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 refinery rescue road Security Senate students Tinubu
No Result
View All Result

Highlights

NGF Expresses Sympathy, Solidarity As Flood Devastates Mokwa Community In Niger State

21 Die, 10 Missing In Niger Flood Disaster

Sidi Ould Tah Elected New President Of AfDB

President Tinubu Appoints Former Speaker, Yakubu Dogara As Chairman Of NCGC

Midterm Performance : Taraba State Rated Least In IGR, Good Governance

School Wall Collapses On Students Writing WAEC In Taraba

Trending

Death Toll From Niger Flood Disaster Rises To 115,  Many Still Missing – NSEMA
Environment

Death Toll From Niger Flood Disaster Rises To 115, Many Still Missing – NSEMA

by Vital News
May 30, 2025
0

The Niger State Emergency Management Agency (NSEMA) says death toll from the flood disaster that recently ravaged...

INEC Fixes July 20 And  August 8, 2026 For Ekiti, Osun Governorship Elections

INEC Fixes July 20 And August 8, 2026 For Ekiti, Osun Governorship Elections

May 30, 2025
Kwara Community Unites Against Female Genital Mutilation, Declares Zero Tolerance

Kwara Community Unites Against Female Genital Mutilation, Declares Zero Tolerance

May 30, 2025
NGF Expresses Sympathy, Solidarity As Flood Devastates Mokwa Community In Niger State

NGF Expresses Sympathy, Solidarity As Flood Devastates Mokwa Community In Niger State

May 30, 2025
21 Die, 10 Missing In Niger Flood Disaster

21 Die, 10 Missing In Niger Flood Disaster

May 29, 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

  • Death Toll From Niger Flood Disaster Rises To 115, Many Still Missing – NSEMA May 30, 2025
  • INEC Fixes July 20 And August 8, 2026 For Ekiti, Osun Governorship Elections May 30, 2025
  • Kwara Community Unites Against Female Genital Mutilation, Declares Zero Tolerance May 30, 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