BEVERLY HILLS, November 03, (THEWILL) – Nigeria’s largest sugar producer, Dangote Sugar Refinery has announced a profit before tax of N14.22 billion for the nine months ended September 30, 2015, compared with N13.97 billion in corresponding period in 2014.
According to the unaudited report released on the floor of the Nigerian Stock Exchange, gross profit rose by 5 percent, to N18.80 billion in contrast to N18.63 billion in 2014.
Profit after tax increased to N9.34 billion from N9.15billion in the same period in 2014.
Production at Savannah Sugar was on the increase, rising to 6,610 tonnes, whereas a total of 6,245 tonnes were produced in 2014.
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