Dangote Sugar Refinery Plc reported earnings results for the third quarter and nine months ended September 30, 2024. For the third quarter, the company reported sales was NGN 188,802.67 million compared to NGN 106,929.58 million a year ago. Net loss was NGN 40,346.48 million compared to net income of NGN 964.68 million a year ago. Basic loss per share from continuing operations was NGN 3.33 compared to basic earnings per share from continuing operations of NGN 0.08 a year ago. Diluted loss per share from continuing operations was NGN 3.33 compared to diluted earnings per share from continuing operations of NGN 0.08 a year ago.
For the nine months, sales was NGN 484,427.11 million compared to NGN 309,713.26 million a year ago. Net loss was NGN 184,346.93 million compared to NGN 27,013.89 million a year ago. Basic loss per share from continuing operations was NGN 15.18 compared to NGN 2.22 a year ago. Diluted loss per share from continuing operations was NGN 15.18 compared to NGN 2.22 a year ago.