Analysis of Profitability Performance of Dangote Sugar Refineries PLC: During and after Recent Economic Recession in Nigeria (2013-2018)

Authors

  • Aliyu, Ahmed Alhaji

Keywords:

Abstract

Private sectors have contributed immensely to the development of Nigerian economy without a doubt However the Nigerian economy is volatile over the period years till date which causes it to plug into recession in 2016 Many questions have been raised on the performances of business in the economy especially during economic recession and when economy is sound Moreover the investors needs more decision making tools to assist them on decisions to invest in Nigeria Against this bankrupt this research aimed to analysis the profitability performance of Dangote Sugar Refineries plc during and after recent economic recession in Nigeria 2013- 2018 This research make use of simple profitability ratios Net Profit Margin Return on Assets ROA Returns on Equity ROE ratios and trend analysis was also used to analyze and estabilshed trends in the profitability performance of Dangote Sugar Refineries plc during and after recent economic recession in Nigeria for the periods under review The research revealed that the Dangote Sugar Refineries plc performs better after economic recession than when the economy is recessed as the Net Profit Margin Return on Assets ROA Returns on Equity ROE ratios improved after 2016 during recession It was recommended that the investors should invest in businesses when economy is sound We also recommended to the management to ensures that the operating expenses of the business should not increases with same proportion to increases in sales and increases in equity should be invested on assets that will increases production and productivity thus increases revenue and improves profitability performances

How to Cite

Aliyu, Ahmed Alhaji. (2020). Analysis of Profitability Performance of Dangote Sugar Refineries PLC: During and after Recent Economic Recession in Nigeria (2013-2018). Global Journal of Management and Business Research, 19(B5), 67–74. Retrieved from https://journalofbusiness.org/index.php/GJMBR/article/view/2859

Analysis of Profitability Performance of Dangote Sugar Refineries PLC: During and after Recent Economic Recession in Nigeria (2013-2018)

Published

2020-04-08