Dangote sugar refinery, Airline Services & Logistics report Q1 revenue

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By Mohammed Usman

Dangote Sugar Refinery Plc has reported 2016 group revenue of 32.62 billion naira versus 22.52 billion naira year ago

Reuters added that it(Dangote sugar refinery) also reported Q1 group profit before tax of 5.11 billion naira versus 3.80 billion naira year ago, saying that the sugar refinery added that the board recommended dividend of 50 kobo per ordinary share to be paid to shareholders for year ended Dec. 31, 2015 Source.

Also, Airline Services and Logistics reported FY 2015 group revenue of 4.55 billion naira versus 3.55 billion naira year ago. Reuters added the Airline Services and Logistics reported FY 2015 group loss before tax of 56.8 million naira versus profit of 171.1 million naira year ago.

Chemical and Allied Products Plc too, reported Q1 revenue of 1.85 billion naira versus 1.81 billion naira last year with Q1 profit before tax of 619.9 million naira versus 715.0 million naira year ago

That of N E M Insurance Plc shows Q1 net premiums income of 2.53 billion naira versus 2.25 billion naira year ago with Q1 profit before tax of 2.72 billion naira versus 1.65 billion naira year ago.

On its part, Courteville Business Solutions Plc showed Q1 revenue of 346.8 million naira versus 358.3 million naira year ago with Q1 profit before tax of 8.1 million naira versus 105.5 million naira year ago

Meanwhile, SacOil Holdings Ltd Co and Energy Equity Resources signed a Memorandum of Understanding(MoU) to explore oil and gas opportunities in Republic of Nigeria.

Reuters went on to say that Revenue generated from sale of crude allocation will contribute meaningful income to SacOil and will support SacOoil’s growth and investment strategy Source text for Eikon.

 

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