Dangote Sugar Refinery has posted N131.95 billion revenue in its unaudited financial results for the half year (H1) ended June 30, 2021.
The Group Managing Director/CEO of the refinery, Ravindra Singhvi, made the disclosure in a statement on Sunday.
The company’s revenue rose by 27.8 per cent in contrast to N103.23 billion recorded in the comparative period of 2020, showing a strong improvements in performance indices.
Also, Gross Profit grew by 37.3 per cent to N28.59 billion compared to N20.82 billion recorded in the corresponding period of 2020, due to better top line performance.
Group sales volume increased to 388,589 tonnes while production volume also increased by 7.6 per cent to 403, 846 tonnes driven by operations optimization drive.
“We commenced the year on a strong footing with impressive performance in first half as the financial results have shown, with a stronger Q1 top line growth and a robust Q2 top line growth year on year.
“During the period under review we launched our new packaging designs for the 50kg fortified and non-fortified sugar bags with the theme: ‘Dangote Sugar has a new look…. Same Great Quality’.
