One of the subsidiaries of Dangote Industries Limited (DIL), National Salt Company of Nigeria (NASCON) generated a sum of N2.97bn as net profit for 2021.
In its release made available to Investors King, the salt refining company stated that its profit before tax rose from N3.9bn in 2020 to N4.3bn in 2021, reflecting a 10.25 percent increase in profit before tax.
The result was released after Investors King reported that Dangote Group won the most admired brand for the fifth consecutive year by Brand Africa.
“The company was able to achieve this due to certain business strategies put in place, which insulated the company from the negative effects of the pandemic,” said Mrs. Yemisi Ayeni, NASCON Chairperson.
Acting Managing Director, NASCON, Mr. Thabo Mabe, explained that the salt refining company is committed to more accomplishments as it will embark on new systematic methods.
Mabe said, “As a company in the fast-moving consumer goods (FMCG) sector, the management team has developed plans and strategies to capture more share in chosen markets and will gradually deploy them in the coming months.”
Group Executive Director, Commercial, NASCON, Hajiya Fatima Aliko Dangote further said: “Going forward, the company would begin to reap the reward which ultimately would translate to higher dividends for the shareholders after the company leveraged on the Covid-19 to lay the state of the art salt processing factory in Apapa.
According to the statement signed by its Media and Communication Personnel of DIL, Mr. Francis Awowole – Browne, shareholders of NASCON lauded the financial height achieved by the salt refining company.
Speaking on the behalf of the shareholders, Mrs Bisi Bakare submitted that the performance of NASCON in 2021 shows the impeccable efforts of the company to scale through hard times.
