Dangote Sugar Refinery Plc has seen its after-loss deepen further after higher production costs and FX losses in 2024 dealt a blow on the company’s financials.
But analysts are betting on the now stable naira and slowing inflationary pressures for the biggest sugar refiner to turn the tide of losses for the past two years and return to profitability.
The after-tax loss deepened to N192.6 billion in 2024 from N73.8 billion in 2023, highlighting the impact of the naira volatility.