Earnings Update | DANGSUGAR | H1:2020

Dangote Sugar Refinery Plc. improved on its first quarter performance, reporting a 31.68% YoY growth in topline to NGN55.59bn in Q2:2020 (vs. NGN42.22bn in Q2:2019) – its highest quarterly revenue since Q2:2017. The company profited from modest improvements in both production (+10.80% YoY to 375,276 tonnes) and sales volumes (+13.55% YoY to 382,917 tonnes) as well as an upward review of prices in the first half of the year.

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Earnings Update – DANGSUGAR H12020


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