Dangote Sugar Refinery Plc reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was NGN 100,558.94 million compared to NGN 91,008.37 million a year ago. Net loss was NGN 40,783.89 million compared to net income of NGN 11,374.39 million a year ago. Basic loss per share from continuing operations was NGN 3 compared to basic earnings per share from continuing operations of NGN 1 a year ago. Diluted loss per share from continuing operations was NGN 3 compared to diluted earnings per share from continuing operations of NGN 1 a year ago.
For the six months, sales was NGN 202,783.68 million compared to NGN 185,457.43 million a year ago. Net loss was NGN 27,978.58 million compared to net income of NGN 20,246.44 million a year ago. Basic loss per share from continuing operations was NGN 2.3 compared to basic earnings per share from continuing operations of NGN 1.67 a year ago. Diluted loss per share from continuing operations was NGN 2.3 compared to diluted earnings per share from continuing operations of NGN 1.67 a year ago.