Austin Laz & Company declares 38% Revenue boost, Q3′ 2018


Austin Laz & Company PLC is an indigenous manufacturer of industrial and consumer products. The company’s management led by Engr. (Dr) Austin Lazarus Asimonye, hit the market with its unaudited Q3 results, as released by the Exchange, on the 16th October, 2018.

The reports showed an improved performance in Turnover by about 38%, seeing the turnover figure grew to N297 Million as at the period ended 30th Sep. 2018,  against the N215 Million reported in the corresponding period of 2017.

The profit after tax dropped by 26 million to stand at about N25.36 million deficit from N0.808 million in the corresponding year, representing over 3000% year on year decline in PAT.

The shareholders in Austin Laz & Company shed about 3239% of their earnings per share, which keeps the figure as at the end of the period under review at N0.023kobo deficit, as against the previous 0.07kobo.

The PE Ratio stands at -88.9x and earnings yield of -1.12%.

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