Ardova Plc reports N62.93bn as turnover, PAT declines by 83.36% in Q1 2022

Ardova Plc in the First Quarter of 2022 reported a turnover of N62.934 billion, up by 49.89% from N41.987 billion reported the previous year.

Profit after tax for the 3 months period was N193.196 million, down by 83.36% from N1.16 billion reported in Q1 2021.

Earnings per share of the Group dropped to 15 kobo in Q1 2022 from the earnings per share of 89 kobo achieved in Q1 2021.

At the share price of N13.05, the P/E ratio of Ardova stand at 87.98x with earnings yield of 1.14%.

Source: Ardova Plc reports N62.93bn as turnover, PAT declines by 83.36% in Q1 2022 – StocksWatch (stocksng.com)

Related Posts

07

Feb
Business & Economy

Consolidated Hallmark Holdings Plc grows profit by 513.7% to N23.13bn in Q4 2024

The Unaudited Financial Statements of Consolidated Hallmark Holdings Plc for the year ended 31 December 2024 revealed significant growth in the Company’s revenue and profit after tax. Gross Earnings of N28.17 billion was achieved for the 12 months period, up by 340.17% from the Gross Earnings of N6.4 billion recorded the previous year. Profit after tax of […]

07

Feb
Business & Economy

Fidelity Bank Plc increases share capital to N36.7bn

Fidelity Bank Plc has notified the Nigerian Exchange and the investing public that it has increased its issued share capital from N26.7 billion to N36.7 billion by creation of 20 billion additional Ordinary Shares of 50 kobo each. At the recently concluded Extra-Ordinary General Meeting, the board has been authorised to raise additional capital up to the[…]