Dangote Sugar Refinery Plc reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was NGN 106,929.58 million compared to NGN 102,863.3 million a year ago. Net income was NGN 964.69 million compared to NGN 4,592.01 million a year ago. Basic earnings per share from continuing operations was NGN 0.08 compared to NGN 0.37 a year ago. Diluted earnings per share from continuing operations was NGN 0.08 compared to NGN 0.37 a year ago.
For the nine months, sales was NGN 309,713.26 million compared to NGN 288,320.72 million a year ago. Net loss was NGN 27,013.89 million compared to net income of NGN 24,838.45 million a year ago. Basic loss per share from continuing operations was NGN 2.22 compared to basic earnings per share from continuing operations of NGN 2.04 a year ago. Diluted loss per share from continuing operations was NGN 2.22 compared to diluted earnings per share from continuing operations of NGN 2.04 a year ago.