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

Aliyu , Ahmed Alhaji

doi:10.12816/0055323

Article Details

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

Authors:

Aliyu , Ahmed Alhaji

Publisher:

Zainab Arabian Research Society for Multidisciplinary Issues ( ZARSMI )

Main Topics:

Economics and Finance

Journal:

International Journal of Accounting Research 2019 Vol.4 Issue 3, pp.17-24

Document Type:

Article

Publication Date:

9/2019

Document Language:

English

Document ID (Org No.):

139531

Frequency:

Monthly

pISSN:

2311326X

DOI:

10.12816/0055323

Descriptors:

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 backdrop, 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 established 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.

Article Details

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

Authors:

Aliyu , Ahmed Alhaji

Publisher:

Zainab Arabian Research Society for Multidisciplinary Issues ( ZARSMI )

Main Topics:

Economics and Finance

Journal:

International Journal of Accounting Research 2019 Vol.4 Issue 3, pp.17-24

Document Type:

Article

Publication Date:

9/2019

Document Language:

English

Document ID (Org No.):

139531

Frequency:

Monthly

pISSN:

2311326X

DOI:

10.12816/0055323

Descriptors:

PROFITS

ECONOMIC GROWTH

ECONOMIC STAGNATION

NIGERIA

TWENTY-FIRST CENTURY

Issues

Article Details

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

Authors: Aliyu , Ahmed Alhaji

Publisher: Zainab Arabian Research Society for Multidisciplinary Issues ( ZARSMI )

Main Topics: Economics and Finance

Journal: International Journal of Accounting Research 2019 Vol.4 Issue 3, pp.17-24

Document Type: Article

Publication Date: 9/2019

Document Language: English

Document ID (Org No.): 139531

Frequency: Monthly

pISSN: 2311326X

DOI: 10.12816/0055323

Descriptors:

PROFITS

ECONOMIC GROWTH

ECONOMIC STAGNATION

NIGERIA

TWENTY-FIRST CENTURY

Issues

Authors:

Aliyu , Ahmed Alhaji

Publisher:

Zainab Arabian Research Society for Multidisciplinary Issues ( ZARSMI )

Main Topics:

Economics and Finance

Journal:

International Journal of Accounting Research 2019 Vol.4 Issue 3, pp.17-24

Document Type:

Article

Publication Date:

9/2019

Document Language:

English

Document ID (Org No.):

139531

Frequency:

Monthly

pISSN:

2311326X

DOI:

10.12816/0055323