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

03

Nov
Business & Economy

ELITE WEALTH PLACEMENT FUND

Welcome to the Elite Wealth Placement Fund – a bespoke investment vehicle designed exclusively for high-net-worth individuals seeking attractive and tailored placement opportunities. Our fund is managed by a team of seasoned financial experts with a proven track record of delivering superior returns, while prioritizing risk management and long-term wealth preservation. As an exclusive member, you will […]

03

Nov
Business & Economy

PZ Cussons Nigeria Plc reports N113bn revenue, boosts profit after tax by 114% in one year

The Audited Financial Statement of PZ Cussons for the year ended 31 May 2023 show significant growth in the Company’s bottom line figures with 114% growth in its profit after tax for the 12 months period. The Group reported revenue of N113.964 billion for the 12 months period, up by 14.53% from N99.503 reported the previous year.[…]