DANGOTE SUGAR REFINERY PLC 9M 2016 Result - Financial Highlights (NGN Billion)

Statement of Comprehensive Income 9M:2016 9M:2015 Y-o-Y Growth FY:2015

Gross Revenue 115.3 73.0 57.8% 101.1
Cost of Sales (96.3) (54.3) 77.3% (80.3)
Gross Profit 19.0 18.8 1.2% 20.7
OPEX (4.6) (3.9) 18.7% (6.2)
Other Income/(Losses) 0.4 0.2 46.5% 1.3
EBIT 14.7 15.1 -2.5% 15.9
Net Finance (Cost)/Income (0.1) 8.9 -101.0% (0.7)
PBT 15.3 14.2 7.7% 16.5
Taxation (5.2) (4.9) 6.4% (5.0)
PAT 10.1 9.3 8.4% 11.5
Per share data DANGSUGAR Corporate Actions
Current Price 6.25 Proposed Dividend Nil
Trailing EPS 20.97
BVPS 5.2 Dividend Yield
Price multiples/Ratios
Shares Outstanding(bn) 12.0 Qualification Date
Trailing P/E 0.3x
P/BV 1.2x Closure Date
RoAE(Annualised) 20.5%
RoAA(Annualised) 10.9% Payment Date
Gross Profit Margin 16.5% 25.7%
Cost of Sales Margin 83.5% 74.3% AGM Venue
OPEX Margin 4.0% 5.4%
Net Margin 8.8% 12.8% AGM Date
Debt to Equity 0.0% 4.3%
Statement of Financial Position 9M:2016 FY:2015 % Growth
Inventories 23.8 15.5 53.4%
Trade and Other Receivables 18.7 14.7 26.9%
Cash and Cash equivalents 17.7 9.0 97.3%
Financial Liabilities 0.0 2.5 -100.0%
Total Liabilities 60.4 44.5 35.8%
Total Assets 122.7 102.6 19.5%
Total Equity 62.3 58.1 7.1%