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Dangote Sugar Plc Released Its Unaudited Third-quarter Earnings. - Business - Nairaland

Nairaland Forum / Nairaland / General / Business / Dangote Sugar Plc Released Its Unaudited Third-quarter Earnings. (5346 Views)

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Dangote Sugar Plc Released Its Unaudited Third-quarter Earnings. by froz(m): 4:38pm On Oct 27, 2017
Dangote Sugar Plc recently released its unaudited third-quarter earnings. 

The revenue increase was impacted by a rise in refined sugar prices. Revenue from Lagos accounted for a huge chunk of the total.

Growth witnessed in the Administrative expenses occurred as a result of increase in management and royalty fees and cost of travelling overseas.

Key Highlights:

The revenue increase was impacted by a rise in refined sugar prices. Revenue from Lagos accounted for a huge chunk of the total.Growth witnessed in the Administrative expenses occurred as a result of the increase in management and royalty fees and cost of traveling overseas.Selling & distribution expenses significantly declined due to a huge reduction in both carriage and marketing costs. This contributed to the cost management strategy of the firm.Investment income surged due to interest earned on the short term deposits made by the firm which grew from 12 billion to 30 billion.Finance cost rose due to bank charges paid on a borrowing from zenith bank in 2016. This increased borrowing increased the leverage of the firm as witnessed in its leverage ratio.The firms Q3 2017 net income exceeded that of the full year 2016. We expect this strong performance to culminate to an increase in dividend.

Kindly click on this link  to see full details on the Corporate Brief of the firm.

SOURCE: https://brandspurng.com/corporate-brief-dangote-sugar-plc-released-its-unaudited-third-quarter-earnings/
Re: Dangote Sugar Plc Released Its Unaudited Third-quarter Earnings. by Nobody: 7:07am On Oct 28, 2017
ok
Re: Dangote Sugar Plc Released Its Unaudited Third-quarter Earnings. by verygudbadguy(m): 7:29am On Oct 28, 2017
This guy is the real MMM...

Money Making Machine. He is gonna take over the world soon.

2 Likes

Re: Dangote Sugar Plc Released Its Unaudited Third-quarter Earnings. by izenco2005(m): 7:29am On Oct 28, 2017
grin
Re: Dangote Sugar Plc Released Its Unaudited Third-quarter Earnings. by Computeruche(m): 7:29am On Oct 28, 2017
We don hear
Re: Dangote Sugar Plc Released Its Unaudited Third-quarter Earnings. by Nobody: 7:31am On Oct 28, 2017
Thife
Re: Dangote Sugar Plc Released Its Unaudited Third-quarter Earnings. by deji17: 7:34am On Oct 28, 2017
Many companies including manufacturing and banks have been declaring huge profit / dividend lately. An indication that the Nigerian economy is picking up very fast. The future looks great and we are loving it.

6 Likes 1 Share

Re: Dangote Sugar Plc Released Its Unaudited Third-quarter Earnings. by biggerboyc(m): 7:36am On Oct 28, 2017
Ok
Re: Dangote Sugar Plc Released Its Unaudited Third-quarter Earnings. by Alexbond(m): 7:41am On Oct 28, 2017
The same sugar that Tiger band took over and ran at loss.
Can Dangote just tell us the secret of running a success business in Nigeria! He and Elumelu seems to know more than the common man.

Modified: Thanks at quoted...thought it was sugar, I knew it was flour and pasta...thanks for the correction �
Re: Dangote Sugar Plc Released Its Unaudited Third-quarter Earnings. by Alexbond(m): 7:43am On Oct 28, 2017
The same sugar that Tiger band took over and ran at loss.
Can Dangote just tell us the secret of runing a success business in Nigeria! He and Elumelu seems to know more than the common man.
Re: Dangote Sugar Plc Released Its Unaudited Third-quarter Earnings. by lunacol(m): 7:45am On Oct 28, 2017
verygudbadguy:
This guy is the real MMM...

Money Making Machine. He is gonna take over the world soon.
Mark Zuckerberg is 33yrs old and has only one business Facebook- launched in Feb 2004.
Aliko Dangote is 60yrs old, has a business empire & has been in business for over 40years

In 2012, Dangote was named the 43rd richest man in the world (Forbes) while Mark was 66th but in 2017, Mark became the 5th richest person while Dangote dropped to 105th position.

Mark achieved more globally in 6yrs than Dangote has done in 40yrs.

8 Likes

Re: Dangote Sugar Plc Released Its Unaudited Third-quarter Earnings. by ElRapido: 7:50am On Oct 28, 2017
lunacol:
Mark Zuckerberg is 33yrs old and has only one business Facebook- launched in Feb 2004.
Aliko Dangote is 60yrs old, has a business empire & has been in business for over 40years

In 2012, Dangote was named the 43rd richest man in the world (Forbes) while Mark was 66th but in 2017, Mark became the 5th richest person while Dangote dropped to 105th position.

Mark achieved more globally in 6yrs than Dangote has done in 40yrs.



Your point is??

2 Likes

Re: Dangote Sugar Plc Released Its Unaudited Third-quarter Earnings. by miniziter(m): 7:52am On Oct 28, 2017
[quote author=lunacol post=61840888]Mark Zuckerberg is 33yrs old and has only one business Facebook- launched in Feb 2004.
Aliko Dangote is 60yrs old, has a business empire & has been in business for over 40years

In 2012, Dangote was named the 43rd richest man in the world (Forbes) while Mark was 66th but in 2017, Mark became the 5th richest person while Dangote dropped to 105th position.

Mark achieved more globally in 6yrs than Dangote has done in 40yrs.

Wetin make come do? That Dangote should go and open a social media?
Re: Dangote Sugar Plc Released Its Unaudited Third-quarter Earnings. by miniziter(m): 7:53am On Oct 28, 2017
lunacol:
Mark Zuckerberg is 33yrs old and has only one business Facebook- launched in Feb 2004.
Aliko Dangote is 60yrs old, has a business empire & has been in business for over 40years

In 2012, Dangote was named the 43rd richest man in the world (Forbes) while Mark was 66th but in 2017, Mark became the 5th richest person while Dangote dropped to 105th position.

Mark achieved more globally in 6yrs than Dangote has done in 40yrs.

Where's the lesson learnt here? We all can't make money through same channel.

Re: Dangote Sugar Plc Released Its Unaudited Third-quarter Earnings. by Ijaya123: 7:53am On Oct 28, 2017
lunacol:
Mark Zuckerberg is 33yrs old and has only one business Facebook- launched in Feb 2004.
Aliko Dangote is 60yrs old, has a business empire & has been in business for over 40years

In 2012, Dangote was named the 43rd richest man in the world (Forbes) while Mark was 66th but in 2017, Mark became the 5th richest person while Dangote dropped to 105th position.

Mark achieved more globally in 6yrs than Dangote has done in 40yrs.


Do I sense that someone is pained here?

1 Like

Re: Dangote Sugar Plc Released Its Unaudited Third-quarter Earnings. by lunacol(m): 7:55am On Oct 28, 2017
ElRapido:



Your point is??
He is not taking over the world record of being the richest man on earth soon unless he diversified into ICT.That's the boom now.
Re: Dangote Sugar Plc Released Its Unaudited Third-quarter Earnings. by Nobody: 7:55am On Oct 28, 2017
Good one!
Re: Dangote Sugar Plc Released Its Unaudited Third-quarter Earnings. by verygudbadguy(m): 7:57am On Oct 28, 2017
lunacol:
Mark Zuckerberg is 33yrs old and has only one business Facebook- launched in Feb 2004.
Aliko Dangote is 60yrs old, has a business empire & has been in business for over 40years

In 2012, Dangote was named the 43rd richest man in the world (Forbes) while Mark was 66th but in 2017, Mark became the 5th richest person while Dangote dropped to 105th position.

Mark achieved more globally in 6yrs than Dangote has done in 40yrs.

True but then, we live in a separate world. Mark is in America while Dangote is in Africa. We don't even need to compare them. If you check the list of 2012, you would find out that some other people on the list have been relegated to 1000s.
Nigeria's recession and dollar crash also affected his rating.

3 Likes

Re: Dangote Sugar Plc Released Its Unaudited Third-quarter Earnings. by lunacol(m): 7:58am On Oct 28, 2017
[quote author=miniziter post=61841076][/quote]Lol,How can he allow Mark Zuckerberg to overtake him?
Re: Dangote Sugar Plc Released Its Unaudited Third-quarter Earnings. by lunacol(m): 8:04am On Oct 28, 2017
verygudbadguy:

True but then, we live in a separate world. Mark is in America while Dangote is in Africa. We don't even need to compare them. If you check the list of 2012, you will find out that some other people on the list have been relegated to 1000s.
Nigeria's recession and dollar crash also affected his rating.
I wish to see him as number one soon in the global rating.The possibilities are there.

1 Like

Re: Dangote Sugar Plc Released Its Unaudited Third-quarter Earnings. by Nobody: 8:06am On Oct 28, 2017
No comment till its audited
Re: Dangote Sugar Plc Released Its Unaudited Third-quarter Earnings. by miniziter(m): 8:08am On Oct 28, 2017
lunacol:
Lol,How can he allow Mark Zuckerberg to overtake him?

How many millionaire (not even billionaires) have you personally overtake?

1 Like

Re: Dangote Sugar Plc Released Its Unaudited Third-quarter Earnings. by lunacol(m): 8:26am On Oct 28, 2017
miniziter:


How many millionaire (not even billionaires) have you personally overtake?
Soon kiss
Re: Dangote Sugar Plc Released Its Unaudited Third-quarter Earnings. by emmanuelewumi(m): 8:48am On Oct 28, 2017
Alexbond:
The same sugar that Tiger band took over and ran at loss.
Can Dangote just tell us the secret of runing a success business in Nigeria! He and Elumelu seems to know more than the common man.




That was Dangote Flour and not Dangote sugar.
Re: Dangote Sugar Plc Released Its Unaudited Third-quarter Earnings. by Nobody: 9:01am On Oct 28, 2017
Dangote my man
Re: Dangote Sugar Plc Released Its Unaudited Third-quarter Earnings. by Nobody: 9:04am On Oct 28, 2017
lunacol:
Mark Zuckerberg is 33yrs old and has only one business Facebook- launched in Feb 2004.
Aliko Dangote is 60yrs old, has a business empire & has been in business for over 40years

In 2012, Dangote was named the 43rd richest man in the world (Forbes) while Mark was 66th but in 2017, Mark became the 5th richest person while Dangote dropped to 105th position.

Mark achieved more globally in 6yrs than Dangote has done in 40yrs.

Cynic! What have you achieved?

1 Like

Re: Dangote Sugar Plc Released Its Unaudited Third-quarter Earnings. by nuesmann(m): 9:41am On Oct 28, 2017
[quote author=Alexbond post=61840845]The same sugar that Tiger band took over and ran at loss.
Can Dangote just tell us the secret of runing a success business in Nigeria! He and Elumelu seems to know more than the common man

Tiger brand took over flour and not sugar.
Re: Dangote Sugar Plc Released Its Unaudited Third-quarter Earnings. by Nobody: 10:31am On Oct 28, 2017
Alexbond:
The same sugar that Tiger band took over and ran at loss.
Can Dangote just tell us the secret of runing a success business in Nigeria! He and Elumelu seems to know more than the common man.


Alex confirm statements like this beforehand na.

It was Dangote Flour, Noodles and Pasta

Dangote took them back but recently divested from Noodles, letting Dufil Prima take over
Re: Dangote Sugar Plc Released Its Unaudited Third-quarter Earnings. by edoman2016: 10:34am On Oct 28, 2017
lunacol:
Mark Zuckerberg is 33yrs old and has only one business Facebook- launched in Feb 2004.
Aliko Dangote is 60yrs old, has a business empire & has been in business for over 40years

In 2012, Dangote was named the 43rd richest man in the world (Forbes) while Mark was 66th but in 2017, Mark became the 5th richest person while Dangote dropped to 105th position.

Mark achieved more globally in 6yrs than Dangote has done in 40yrs.

You are a slowpoke. Everyone knows that internet start up are always over valued. How can you compare manufacturing with Internet business (services)? An economy build on manufacturing will always be so strong and never vulnerable. Examples are Japan, China, Germany, etc.

1 Like

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