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Dangote Sugar plans improved returns for shareholders

Dangote Sugar Re finery (DSR) Plc has announced plans to adopt a series of strategies and innovation to ensure improved returns on investments for its shareholders in the years ahead.

According to a statement by the company, the strategies would enable it stay ahead of competition and help ensure increased returns for shareholders.

The company assured that processes are already being put in place to improve the company’s revenue stream “through the introduction of more consumer-friendly refined sugar packages into the market.”

Continuing, the company said, “The current global economic crisis and the increasing prices of raw sugar amongst others have posed a major challenge to performance in recent times. The board of directors is mindful of its impact on the current business year; barring these circumstances, the board is hopeful for a better performance in the coming years.”

The statement further noted that the Board of the company will next week, in Kano, present its audited result for the year ended, December 31, 2009, to shareholders at the annual general meeting.

The company, in line with its decision to continually reward its shareholders is recommending a total dividend of N12 billion, representing N1.00 each.


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