Dangote Sugar Refinery Plc released its half year unaudited financial report on July 30th, 2023. The company grew its Topline figures by 9.34% to settle the period at 202.784 billion against the previous close of N185.457 billion in previous period of 2022.
The company declined its Profit after tax by 238.26% resulting from negative impact of high cost of sales to close at a loss of N27.987 billion away from the previous close of N20.242 billion in the preceding period of 2022.
Earnings per share for the period consequently dropped to a deficit of N2.30 for the period under review, shedding 238.26% from EPS of N1.64 in H1’22.
With reference to the share price of N27.05, P.E ratio of DANSUGAR stands at -11.64x and earnings yield of -8.52%.