Q1 2021: Dangote Sugar grows profit by 30.27% to N8.3bn

Dangote Sugar Refineries Plc in the first quarter of 2021 achieved growth in its topline and bottom line figures.

The Group reported a turnover of N67.394 billion, up by 41.46% from N47.643 billion reported in Q1 2020.

Profit after tax grew by 30.27% to N8.3 billion from N6.37 billion reported in Q1 2020.

Earnings per share increased to 68 kobo from 57 kobo reported in Q1 2020.

At the share price of N17, the P.E ratio of Dangote Sugar 24.87x with earnings yield of 4.02%.

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