In 2024, Dangote Sugar Refinery experienced a year-on-year revenue growth of 51%

Key Takeaways:

  • Dangote Sugar Refinery saw impressive growth rates of 68% in 2016 and 51% in 2024, marking periods of considerable expansion.
  • The company’s revenue rose from ₦101.06 billion in 2015 to ₦665.69 billion in 2024.
  • There were notable year-on-year fluctuations, with growth rates varying from -26% to 68%.
  • The period from 2020 to 2024 indicated particularly strong performance, featuring consistent positive growth.
  • The highest revenue allocation for the company was noted in 2024.

Dangote Sugar Refinery Plc has shown significant financial growth from 2015 to 2024, with revenue reaching ₦665.69 billion by 2024. The company marked a notable achievement in 2016 with a 68% increase in year-on-year growth, raising revenue to ₦169.72 billion.

Although it encountered a significant drop of 26% in 2018, the company showcased impressive recovery in the following years, demonstrating resilience and effective strategic recovery.

Source:

Dangote Sugar Refinery Plc Annual Report, NGX

Period:

2015-2024
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