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)

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