Dangote Sugar Refinery Plc released its financial result for the full year ended 31 Dec 2015. The result showed that revenue rose by 6.54% from N94.8 billion in 2014 to N1.1 billion in 2015. Gross profit also rose by 11.27% from N18.6 billion to N20.7 billion in 2015.
The company also reduced operating expenses by 25.38% from N8.3 billion in 2014 to N6.2 billion in 2015.
Pre-tax profits rose by 8.35% from N15.2 billion in 2014 to N16.5 billion in 2015, however profit after tax dropped by 0.86% from N11.6 billion in 2014 to N11.5 billion in 2015.
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