Dangote Sugar’s Half-Year Net Loss Narrows to N24bn

Dangote Sugar Refinery posted a loss after tax of N24.27 billion for the first six months of the year compared to N144.01 billion a year earlier.

Its revenue rose to N430.21 billion from N295.62 billion, according to its earnings report released on Thursday.

The company swung to a pretax profit of N523.89 million in the second quarter from a loss of N104.56 billion in the same period of 2024.