NASCON Posted N25bn Turnover in H1 2022 Financial Report

NASCON Allied Industries plc posted an improved Turnover of N25.128 billion for the first six months ended June 30th, 2021, growing by 43% from N17.570 billion posted in HI, 2021

The half year Unaudited report which hit the market on 26th of July, 2022 showed a marginal growth of 5.85% in Profit after Tax from N1.45 billion in 2021 to N1.54 billion in the current period under review.

The earnings per share appreciated to 58kobo from 55kobo in the receding period of 2021.

The PE Ratio for the current period stands at 18.98x and the earnings yield at 5.27% at a reference price of N11.00, it closed on Monday 26th July, 2021.

Source: NASCON Posted N25bn Turnover in H1 2022 Financial Report – StocksWatch (stocksng.com)

Related Posts

25

May
Business & Economy

Stock Market Review: May 25, 2023

The stock market on Wednesday closed on a positive note with 0.58% growth. The All Share Index and Market Capitalisation stands at 52,927.60 points and 28.819 trillion respectively. In a stock market review with Gilbert Ayoola, a capital market expert, the following were discussed: Excerpts: The monetary policy committee of CBN has increased MPR to 18.5%. How will this […]

25

May
Business & Economy

Oando kicks-off Sustainable Transport Initiative in Lagos State with launch of Electric-Mass Transit buses

Oando Clean Energy Limited (OCEL) has achieved a groundbreaking milestone with the launch of the first phase of its Sustainable Transport Initiative for Lagos State. The initiative will see OCEL introducing electric buses to LAMATA’s current fleet of buses. The endeavor aims to support the transformation of the State’s public transport system through the development and deployment[…]