Dangote Sugar Refinery Plc says it will pay N18.22bn as dividends to shareholders for the year ended December 31, 2022, despite the economic headwinds that characterised 2022 financial period.
Dangote attributed the company’s remarkable performance to the pragmatic approach the management deployed by focusing on continued cost and process optimisation, improved efficiencies in every area of operations, and service delivery to our customers.
He pledged that the management would continue to implement strategic actions to sustain the performance with the support of all stakeholders with complete adherence to the tenets of the Federal Government’s Sugar Master Plan. Dangote said part of the successes recorded by Dangote Sugar was made possible by the management’s continued implementation of the Dangote Sugar Development Master Plan with the rehabilitation and upgrade of the Dangote Sugar Refinery’s Numan operations, facilities and land development, as well as the development of the Nasarawa Sugar Company Limited, the greenfield sugar project, and Tunga in Nasarawa State.
In her remarks, the Coordinator of the Pragmatic Shareholders Association, Mrs Adebisi Bakare, expressed the satisfaction of shareholders with the performance of the company. She noted that despite all the challenges in the sugar sub-sector of the economy, the company still performed far and above the previous year.All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.
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