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%.
President Bola Tinubu has signed four (4) new Tax Reform Bills into law, comprising the Nigeria Tax Act (NTA), Nigeria Tax Administration Act (NTAA), Nigeria Revenue Service Act (NRSA), and the Joint Revenue Board Act (JRBA). The new laws are expected to take effect in 2026. The reforms aim to stimulate economic growth, boost government revenue, improve […]
The Nigerian equities market last week closed on a bearish note on the backdrop of selloff in Dangote Cement, MTN Nigeria and 52 other stocks that closed the week lower. The All-Share Index was down by 2.51% to close at 141,004.14 points from 144,628.20 points recorded the previous week. Investors lost N2.29trn as market capitalization declined by 2.51%[…]
