Bloomberg the Company & Products

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg News

Dangote Sugar Falls to Three-Week Low as First-Half Profit Drops

September 01, 2011

Sept. 1 (Bloomberg) -- Dangote Sugar Refinery Plc, a Nigerian processor of the sweetener, fell to the lowest level in more than three weeks after reporting a 48 percent drop in first-half profit.

The stock lost 56 kobo, or 5 percent, to 10.74 naira, the weakest since Aug. 9, by the 2:30 p.m. close in Lagos, the commercial capital.

Net income retreated to 3 billion naira ($19 million) from 5.73 billion naira a year earlier, the company said in a statement published on the website of the Nigerian Stock Exchange today.

--Editors: Ana Monteiro, Alastair Reed

To contact the reporter on this story: Vincent Nwanma in Lagos at

To contact the editor responsible for this story: Antony Sguazzin at

blog comments powered by Disqus