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Q1 Analysis of Dangote Sugar

In: business|company results

22 May 2008

Attached is FSDH Securities’ analysis of Dangote Sugar for the first quarter.
Here are the highlights:

4% growth in turnover from N20.063billion to N20.9billion
24.7% growth in profit before tax to N8.93billion from N7.15billion
24.63% growth in profit after tax to N6.69billion from N5.36billion
Reduction in cost as percentage of business
Decrease in cost of goods sold
Dividend of N1.7k and bonus of 1 for 5

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