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

Aliyu, Ahmed Alhaji

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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Department of Finance , University of Ilorin, 1 Univ...

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

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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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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite This Article

Aliyu, Alhaji. 2019. "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, Global Journal of Management and Business Research - B: Economic & Commerce GJMBR-B Volume 19 (GJMBR Volume 19 Issue B5).

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GJMBR Volume 19 Issue B5

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Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

Keywords

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Classification

GJMBR-B Classification JEL Code: M20

Submission ReceivedDecember 8, 2018
Peer Review Double Blind
Handling Editor
Accepted January 5, 2019
Published January 15, 2019

Version of record

v1.2

Issue date

September 30, 2019

Language

English

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Total Score: 149

Country: Unknown

Subject: Global Journal of Management and Business Research

Authors: Aliyu, Ahmed Alhaji (PhD/Dr. count: 0)

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