Ardova Plc declares N3.85bn loss after tax in FY 2021

Ardova Plc on Thursday published its Audited Financial Statements for the year ended 31 December 2021.

The Group reported a turnover of N201.44 billion for the 12 months period, up by 10.72% from N181.94 billion reported the previous year.

A loss after tax of N3.85 billion was reported for the year under review, down by 307.13% from the profit after tax of N1.86 billion reported the previous year.

Ardova Plc achieved loss per share of N2.95 in FY 2021 from the earnings per share of N1.43 in FY 2020.

At the share price of N13.05, the P/E ratio of Ardova Plc stands at -4.42x with earnings yield of -22.64%.

Source: Ardova Plc declares N3.85bn loss after tax in FY 2021 – StocksWatch (stocksng.com)

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