Dangote Sugar declares N73.76bn loss in FY 2023

Dangote Sugar Refinery Plc over the weekend published its Audited Reports for the year ended 31 December 2023.

Revenue of N441.453 billion was reported for the 12 months period, up by 9.47% from N403.246 billion reported the previous year.

Loss after tax of N73.76 billion was reported 2023 financial year, against the N54.74 billion profit after tax achieved the previous year.

The earnings per share of the Group stands at Negative N6.07.

At the share price of N53.1, the P/E ratio of Dangote Sugar Refinery Plc stands at Negative 8.74X with earnings yield of Negative 11.44%.

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