“Dangote sugar production reached 811,962 tons in 2021” – Blueprint Newspapers Limited
Dangote Sugar’s management revealed that the group’s production volume increased by 9.2% to reach 811,962 tonnes in 2021, which contrasts with the 743,858 tonnes recorded during the corresponding period of 2020.
According to the Group in its financial report for the year ended December 2021, the feat was achieved through improved operational efficiency despite the negative impact of Apapa’s permanent traffic congestion situation.
Overall, the company recorded a gross profit of N50.21 billion and an after-tax profit of N22.05 billion.
The group’s reported revenue of N276.50 billion for the full year, represents an increase of 28.8% from the N214.30 billion recorded in 2020. The company also recorded an increase in group sales volume, which increased by 5.7%.
to 773,341 tonnes compared to 731,701 tonnes in 2020.
Dangote Sugar Refinery, in its 2021 audited results, said growth in 2021 was supported by positive market responses to major trade interventions introduced during the year.
The group’s production volume increased by 9.2% to 811,962 tonnes from 743,858 tonnes and was achieved through improved operational efficiency despite the negative impact of the permanent Apapa bottling situation. The company recorded a gross profit of N50.21 billion and an after-tax profit of N22.05 billion.
Group Managing Director, Dangote Sugar Refinery, Ravindra Singhvi said, “Our impressive performance during the year demonstrates our resilience in the face of ongoing challenges, which is rightly reflected in the strong revenue growth. shown in the financial results. During the year under review, we concluded the integration of our new 50 kg packaging for fortified and non-enriched sugar bags in the market. This has refreshed our brand personality and led to a deeper bond with the Dangote Sugar brand among our valued customers and consumers, while maintaining our market presence and leadership with product quality.
“We have also continued our journey towards sustainable development with the inclusion of UN Goal 13 in SDGs 2, 4, 6, 8 and 12 of the Dangote Sugar strategic priority to ensure that we contribute and that we have a significant impact on society. Our supply chain management process is in the process of ISO 40200 certification (sustainable procurement) and Bonsucro certification is in sight,” he added.
Dangote Sugar Refinery continued to improve contractor management at upstream sugar integration sites. The goal is to support the economic growth of the immediate communities where the refinery operates with approximately 5,000 contractors when the projects are fully underway. The main objective is to achieve the goals of Dangote Sugar’s backward integration projects and put Nigeria on the road to self-sufficiency in sugar and onto the global sugar map.
The Sugar Refinery places top priority on the health and safety of staff and partners remains a top priority with the Apapa Refinery and Backward Integration Operations in Numan, Adamawa State and Tunga, in Nasarawa State, operating in accordance with stipulated health and safety protocols.
Dangote Sugar Refinery is Nigeria’s largest domestic and commercial sugar producer with a refining capacity of 1.44 million metric tons at the same location, refines raw sugar imported from Brazil into refined granulated white sugar enriched with vitamin A suitable for uses domestic and industrial.
Its backward integration goal is to become a global force in sugar production, producing 1.5 million MT/PA of refined sugar from locally grown cane for domestic and export markets.
To achieve this, Dangote Sugar Refinery Plc acquired DSR Numan Operations (Savannah Sugar Company Limited), located in Numan, Adamawa State, in December 2012, and embarked on the ongoing rehabilitation of its facilities and the expansion of its 32,000 hectare sugar cane estate.
In September 2020, the merger plan between DSR and Savannah Sugar Company Limited was completed resulting in a bigger and stronger company with considerable opportunities for growth and delivering superior benefits to all stakeholders . The expansion of the Numan sugar estate is still ongoing as well as the development of the virgin site acquired in Tunga, Nasarawa State, for the realization of DSR’s sugar development master plan for Nigeria.