Nigeria’s Dangote Sugar 2013 Q1 pre-tax profit up 32 pct

Nigeria’s Dangote Sugar Refinery said on Friday it posted a 32.04 percent increase in its first quarter pretax profit year-on-year to 5.44 billion naira ($34.45 million), compared with 4.12 billion naira last year.

Turnover at the sugar refiner grew to 27.64 billion naira during the period, compared with 27.05 billion naira a year ago, it said in a filing to the Nigerian stock exchange.