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

Aliyu, Ahmed Alhaji

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Aliyu, Ahmed Alhaji

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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)(2014)(2015)(2016)(2017)(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.

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Analysis of Profitability Performance of Dangote Sugar Refineries PLC: During and after Recent Economic Recession in Nigeria (2013-2018). (2019). Global Journal of Management and Business Research, 19(B5), 67-74. https://journalofbusiness.org/index.php/GJMBR/article/view/2859

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