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 Nairametrics, 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.