The subsidiary company that cultivates sugarcane for the group and is responsible for the milling process, is Savannah Sugar Company Limited.
Today, Dangote Sugar Refinery Plc’s portfolio of products and services are diversified in more sectors of the consumer goods value chain and include the following: Vitamin A-fortified sugar and Unfortified industrial sugar. The Vitamin A fortified sugar is a fine white granulated sugar, the all-purpose white sugar ideal for table use, baking and sweetening of beverages. The unfortified sugar is a specially processed sugar used by pharmaceuticals, food and beverage manufacturing companies.
The history of Dangote Sugar Refinery Plc goes back to 1970 with its entry into the sugar business through the import and sale of sugar by its parent company, Dangote Industries Limited. Dangote Sugar Refineries Plc was incorporated in 2005 and listed in 2007.
Dangote Sugar Refinery Plc has its head offices at GDNL Building Terminal E, Shed 20, NPA Wharf Port Complex, Apapa, Lagos.
The current Acting Managing Director of Dangote Sugar Refinery Plc is Ravindra Singh Singhvi, assisted by Aliko Dangote as Non-Executive Chairman.
Dangote Sugar Refinery Plc's equity stocks are for sale online on the Nigerian Stock Exchange (NGX) under the stock symbol DANGSUGAR.
Dangote Sugar Refinery Plc forms part of the Consumer Goods Sector and Sub Sector: Food Products of the Nigerian Stock Exchange (NGX). It appears on the Nigeria 30 Index, Nigeria All-Share Index, Nigeria Consumer Goods Index, Nigeria Lotus Islamic Index and Nigeria Pension Index.
Dangote Sugar Refinery Plc Stock Performance
The current price for Dangote Sugar Refinery Plc stocks on the Nigerian Stock Exchange (NGX) is 17.40 Nigerian Naira (NGN).
An analysis of financial data of Dangote Sugar Refinery Plc showed that the company has a total market capitalisation of 211 Billion NGN, with a Price/Earning ratio of 5.69 and earnings per share of 3.06 NGN.
With an increase of earnings per share and reliable profits over a period, investors who want to buy or sell Dangote Sugar Refinery Plc stocks can look forward to more profitable dividends and earnings in times to come.
According to an analysis on the live chart of Dangote Sugar Refinery Plc, analysts forecast further improved performance for the consumer goods sector with market share growing as trading volumes increase.
Highlights of Dangote Sugar Refinery Plc in 2021
Dangote Sugar Refinery Plc started the current financial year (2021) with a share price of 17.60 Nigerian Naira (NGN) on the Nigerian Stock Exchange (NGX), and it has lost 1.14 % in value on its price valuation, ranking 105th on the NGX with its year-to-date performance.
Dangote Sugar Refinery Plc is currently the 39th most-traded stock on the NGX and it has experienced a total trading volume of more than 80.4 million shares, which were finalised in 7,474 deals and were valued at a total of 1.42 billion Nigerian Naira (NGN) over the recent three month period from July to September 2021, with an average of 1.28 million shares in each trading session.
During the same period a volume high of 4.46 million was achieved on a single day.
How to buy Dangote Sugar Refinery Plc stocks – Step by Step
The stock market is one of the most attractive financial markets that sees millions of retail investors and traders participating daily. To buy, sell or trade Dangote Sugar Refinery Plc stocks on the Nigerian Stock Exchange (NGX), traders and investors can follow a few simple steps:
- Find the share that you want to buy, in this case, “DANGSUGAR”.
- Select a forex broker that offers access to the Nigerian Stock Exchange (NGX).
- Review the broker's trading conditions, fees, deposit and withdrawal methods, trading platform, customer support, regulation, and other components to ensure that they are aligned with your trading plan.
- Open a live trading account with the broker by completing the online application form and providing the necessary documentation to verify the trading account.
- Once your account has been activated, you are ready to make your first share purchase through the broker.
- From here you can start to build and diversify your portfolio by buying more shares.
