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Nigeria’s Dangote Sugar nearly doubles H1 profit

Nigeria’s Dangote Sugar Refinery said on Wednesday it nearly doubled its half-year pretax profit year-on-year to 8.5 billion naira, compared with 4.4 billion naira last year.

Turnover at the sugar refiner grew to 53.6 billion naira during the period, compared with 48.6 billion naira a year ago, it said in a filing with the Nigerian stock exchange.

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