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    DANGSUGAR   NGDANSUGAR02

DANGOTE SUGAR REFINERY PLC

(DANGSUGAR)
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Dangote Sugar Refinery : Unveils New Sugar Brand

06/04/2021 | 10:06am EDT

Africa's leading sugar manufacturer, the Dangote Sugar Refinery (DSR) has unveiled an innovative sugar brand tagged: New Look, Same Great Quality.

The ceremony for the unveiling of the granulated white sugar was conducted yesterday at the ongoing Kaduna 42nd international trade fair.

The vitamin A fortified sugar excited participants who thronged the Dangote Special Day to make enquiries.

Speaking at the unveiling ceremony, representative of Dangote Sugar Refinery, Bello Sadik, described the DSR as the market leader, saying the repackaged product is part of the effort at giving the consumer a superior quality.

Acting president of the Kaduna Chamber of Commerce Industry Mines and Agriculture (KADCCIMA), Alhaji Suleiman Aliyu, said Dangote Group has broken record in all its investments and undertakings.

He congratulated the president of the Dangote Group, Alhaji Aliko Dangote for the repackaged sugar product, and several other innovations.

"Dangote has come to rescue Nigeria to make it self sufficient in food and other products," he said.

Other products that were exhibited at the Dangote Special Day include: Dangote Cement, Dangote Salt and Dangote Fertilizer.

In his speech, representative of the Dangote Group at the event Mr. Hashem Ahmed said the company had keyed into the Federal Government Backward Integration Policy to make Nigeria self sufficient in the sugar subsector.

Mr. Hashem said the President of the Group Alhaji Aliko Dangote was passionate about growing Nigeria's economy which informed his current massive investment in sugar, and partnership with KADCCIMA and the Kaduna State Government.

He said the company was currently working on its integrated sugar complexes in Adamawa, Nasarawa and Taraba respectively, adding that when completed they will have significant impacts on growing the Nigerian economy.

He said the theme for this year's Trade Fair, Promoting domestic production to mitigate the current economic challenges, is apt given the covid-19 pandemic that has hit the world leading to border closures.

He said the conglomerate will not rest on its oars until Nigeria, and indeed Africa settle in an enviable position among nations.

Copyright Leadership. Distributed by AllAfrica Global Media (allAfrica.com)., source News Service English

Stocks mentioned in the article
ChangeLast1st jan.
DANGOTE CEMENT PLC 0.00% 280 End-of-day quote.14.33%
DANGOTE SUGAR REFINERY PLC 0.28% 17.65 End-of-day quote.0.28%
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Financials
Sales 2021 270 B 659 M 659 M
Net income 2021 31 643 M 77,2 M 77,2 M
Net cash 2021 65 266 M 159 M 159 M
P/E ratio 2021 6,78x
Yield 2021 9,10%
Capitalization 214 B 522 M 523 M
EV / Sales 2021 0,55x
EV / Sales 2022 0,59x
Nbr of Employees 2 821
Free-Float 27,7%
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Mean consensus BUY
Number of Analysts 6
Last Close Price 17,65 NGN
Average target price 21,83 NGN
Spread / Average Target 23,7%
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Managers and Directors
Ravindra Singh Singhvi Managing Director
Debola Falade Chief Financial Officer
Aliko Dangote Chairman
Hassan Salisu Head-Human Resources & Administration
Konyinsola Ajayi Independent Non-Executive Director
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