Billionaire’s sugar company to pay N4.8 billion dividend

The sum was recommended by the company’s directors and amounts to 40 kobo per share.

Richest man in Africa, Aliko Dangote.

Dangote Sugar Refinery (DSR) Plc is set to pay the sum of N4.8 billion as dividends to its shareholders for the 2014 financial year.

DSR ended 2014 with a gross revenue of N94.9 billion compared with N103.2 billion in 2013.

The company also recorded an improved bottom line during the period under review with a profit after tax of N11.6 billion, up from N10.8 billion.

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