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%.
A total of 30,281 units valued at N30.936 million were traded this week in 19 deals compared with a total of 189,346 units valued at N187.047 million transacted last week in 28 deals. Source: NGX and Fundvine Research
The Central Bank of Nigeria (CBN) in an effort to address efficient and optimal circulation of currency circulation in the economy has directed Deposit Money Banks to ensure availability of cash to customers Over-the-Counter and through ATMs. The apex bank said it will intensify its oversight roles to enforce this new directive and ensure compliance. Members of[…]
