Dangote Flour Mills Plc and Dangote Sugar Refinery Plc have recorded total revenue of N275 billion in the financial year ended December 31, 2016, representing an increase of 84.8 per cent from N275. 5 billion of the corresponding period of 2015.
The two Dangote companies also recorded a Profit Before Tax, PBT of N35.6 billion in 2016, representing a growth of 44.1 per cent from N24.7 billion recorded in 2015. The Profit After Tax surged by 124 per cent to N24.96 billion from N11.14 billion in 2015.
Meanwhile, analysis of the individual company show that Dangote Flour posted a revenue of N105.8 billion from N48.027 billion in 2015, while Dangote Sugar posted a revenue of N169.7 billion, representing a growth of 68 per cent from N101.06 billion in 2015. The PBT of Dangote Flour rose to N16.036 billion in 2016 from N8.577 billion in 2015, while Dangote Sugar recorded 19.61 billion, representing a growth of 21 per cent from N16.16 billion in 2015.
The PAT of Dangote Flour stood at N10.56 billion in 2016, from a loss of 12.7 billion in 2015, while that of Dangote Sugar recorded N14.4 billion in 2016, from N11.14 billion in 2015.