WATCH THE VIDEO HERE Dangote Sugar Refinery Plc has reported a pre-tax loss of N270.894 billion for the financial year ended December 31, 2024, marking a 148.7% year-on-year (YoY) increase from 2023, despite a significant rise in revenue. According to its annual report and financial statements reviewed by Naijaonpoint, the company’s full-year revenue climbed 50.8% YoY to N665.69 billion, primarily driven by higher sales of refined sugar. Dangote Sugar Refinery Plc’s full-year 2024 results highlight a company struggling with severe cost pressures, rising debt obligations, and escalating losses. Despite strong revenue growth, profitability remained elusive, with the company posting a significant loss. Below are the key takeaways:
Dangote Sugar’s pre-tax loss jumps 149% to N270.89 billion in 2024 despite revenue surge
