Dangote Sugar says Q1 pretax profit down 52%

Dangote Sugar said on Wednesday its first quarter pretax profit dropped 51.9 percent to 3.79 billion naira ($19 million), compared with the same period last year.

Revenue also fell to 22.52 billion naira in the period to end-March against 25.88 billion naira last year, the company said in a statement but gave no reason for the drop in earnings.