The board of directors of Dangote Sugar Plc, has approved the payment of 50k dividend per every share held by investors, in addition to a generous bonus issue of one share for every five shares held, following the declaration of a turnover of N83.8 billion in its 2008 financial year end result.

The company had made a total of N12 billion payments in its dividend schedule which is on quarterly basis.

Although, the result showed that the company’s turnover dropped from N83.8 billion in 2007 to N80.64 in 2008, it showed an outstanding Profit After Tax of N21.47 billion over last years figure of N16.65 billion, a much welcome development for shareholders.

Current trading over the last few weeks showed that the shares are averaging well, while Dangote flour has witnessed a downward trend after an impressive initial showing.

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