Industrial and Medical Gases reports N2.73bn revenue in 6 months, PAT rises by 20.93%

Industrial and Medical Gases Nigeria Plc Wednesday published its Second Quarter report for the period ended 30 June 2023.

The Company reported revenue of N2.726 billion for the 6 months period, up by 14.58% from N2.379 billion reported the previous year.

Profit after tax grew year on year by 20.93% to N325.065 million from N268.799 million reported the previous year.

The earnings per share of the Company stands at N0.65.

At the share price of N8.8, the P/E ratio of Industrial and Medical Gases Nigeria Plc stands at 13.52x with earnings yield of 7.4%.

Source: Industrial and Medical Gases reports N2.73bn revenue in 6 months, PAT rises by 20.93% – StocksWatch (stocksng.com)

Related Posts

18

Sep
Business & Economy

Stock Market Review: September 18, 2023

The stock market last week closed was down by 1.10% due to profit taking, bringing the All Share Index and Market Capitalisation to 67,395.74 points and N36.886 trillion respectively. Year to date, the market has returned 31.50%. In a stock market review with the MD/CEO of APT Securities and Funds Limited, Mallam Garba Kurfi, the following were discussed: […]

18

Sep
Business & Economy

Nigerian Bourse drops by 1.10% in one week on profit taking, sheds N409bn

The Nigerian stock market declined by 1.01% week on week, as NESTLE, PRESCO and other 51 stocks shed weights. The All Share Index dropped by 1.10% to settle at 67,395.74 points from 68,143.34 points. Consequently, the Market capitalization also dropped by 1.10% to settle at N36.886 trillion from N37.295, thereby shedding N409 billion. An aggregate of 2.93[…]