Academy Press Garners 4bn Turnover in FY’22

Academy Press Plc released its 2022 audited full year financial report ended March 31st, 2022.

The report of the company that engages in Offset Lithographic printing, Educational and Trade Books, confidential Printing and Full Colour Work shows a growth of 145.00% in turnover, closing the period at N4.111 billion against the previous close of N1.678 billion in full Year 2021.

Profit before tax closed at 225 million, up by 174.11% when compared with its previous loss before tax of N303.9 million in full year 2019.

The Company’s score card revealed an improvement in Profit after tax of 184.74% to settle at N174.105 million away from the previously reported loss after tax of N205.5 million in year 2021.

The Earnings per share for the period under review soared to N0.29 from the previous earnings per share of N0.34 deficit in full year 2021.

With reference to the share price of N1.27, the P.E ratio of Academy Press stands at 4.41x with earnings yield of 22.67%.

Source: Academy Press Garners 4bn Turnover in FY’22 – StocksWatch (stocksng.com)

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