Dangote Sugar Refinery Plc has announced a substantial loss after tax of N184.36 billion for the nine-month period ending September 30, 2024.
While the company’s revenue grew by 56.41% to N484.427 billion, a significant increase in finance costs (up 1561.8%) to N300.175 billion eroded profitability.
As a result, the company’s earnings per share stood at a negative N15.18. This translates to a negative P/E ratio of 2.03x and a negative earnings yield of 49.28%.
The Securities and Exchange Commission (SEC) has officially launched its newly redesigned official website, making a significant approach toward enhancing digital engagement, regulatory transparency, and investor protection. The regulator, in a statement on Monday, said the upgrade introduces a modern design, enhanced functionality, and a streamlined user experience aimed at investors, market operators, and the general public. According to […]
The Nigerian stock market closed lower last week, extending its bearish run as profit-taking hit 57 stocks. The All-Share Index (ASI) fell by 0.50%, settling at 140,295.49 points compared to 141,004.14 points in the prior week. Similarly, market capitalization declined by 0.49%, closing at ₦88.769 trillion from ₦89.209 trillion, representing a loss of about ₦440 billion. On[…]
