Dangote Sugar Refinery Plc 2016 Financial Summary

	2016 N'000	2015 N'000	change	Year End
Revenue	169,724,936	101,057,905	68%	December
Profit/Loss before taxation	19,614,434	16,155,609	21%
Profit/Loss for the period	14,395,938	11,142,372	29%
Issued Shares (Units)	2,000,000,000	2,000,000,000
Basic Earnings Per Shares (Kobo)	120.00	93.00	29%
Last total dividend paid (Kobo)	60.00	50.00	20%

Quarter on Quarter performance

Revenue                                                                   PAT

N'000                                                                       N'000

Q1: #32,617,172                                                      Q1: #3,338,675

Q2: #37,854,674                                                      Q2: #4,042,850

Q3: #44,781,343                                                      Q3: #2,735,529

Q4: #54,471,747                                                      Q4: #4,278,884


Dangote Sugar maintained an average of N42.4billion in terms of revenue and N3.5billion in terms of PAT.

A closer look at the report shows that the comoany made money from investment income, fair value adjustment and finance cost. Investment income increased by 4965.04%, fair value adjustment gain by 106.99% and finance cost reduced by 55.03%.

The increase in cost of sales was driven by raw materials consumed that increased by  96.63% within the period.

It is worthy to mentioned here that sales was driven by sale of sugar 50kg that increases by 68.63% , sale of sugar retail that increased by 90.84% and sale of molasses that increased 214.81.

Dangote Sugar Declared a dividend of 60k with a dividend yield of 9.7% at a Market price of N6.21k

For a manufacturing company i belief the yield is fair enough, and i hope the Market appreciate that.

The details of the Corporate action would be provided later.