DANGSUGAR’s revenue expanded by 40.55% YoY to NGN185.46bn in H1:2022 (vs.NGN131.95bn in H1:2021). This performance was driven by an increase in the sale of molasses (+19.85% YoY) and freight income (+30.28% YoY) which moderated the impact of the decline in the sale of sugar- 50kg (-33.39% YoY) and sugar – retail (-27.79% YoY).
