Dangote Sugar Refineries Plc in its published Full Year report for the period ended 31 December 2022 has proposed a final dividend of N1.50 to its shareholders. This is subject to approval at the forthcoming Annual General Meeting.

The Group reported a turnover of N403.25 billion, up by 46.07% from N276.05 billion reported in 2021.

Profit after tax for the period under review stands at N54.74 billion, up by about 148% from N22.05 billion reported in 2021.

Earnings per share (EPS) increased to N4.51 from 2021 EPS of N1.82 which translates to 148.24% growth year on year.

At the share price of N19.35, the P.E ratio of Dangote Sugar stands at 4.29x with earnings yield of 23.29%.