Beta Glass Plc grew 57.93% PAT in Q3’18

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Beta Glass Plc has posted its third quarter financial report for the period ended September 30, 2018. The firm recorded 28.98% increase in revenue closing at N19.2 billion.

Cost of sales was N14.53 billion, which is 24.71% above N11.65 billion recorded in the third quarter of 2017.

Gross Profit grew by 44.39%, closing at N4.66 billion compared to the previous close of N3.23 billion in the third quarter of 2017.

Profit before Tax appreciated by 57.93% to close at N5.19 billion from the previous close of N3.29 billion in the third quarter of 2017.

Taxation in Q3’18 was N1.67 billion bringing the Profit after Tax (PAT) to close at N3.53 billion, which is a growth of 57.93% from the previous PAT in the third quarter report of 2017.

The earnings per share (EPS) is currently N7.07, which is a growth of 58.17% when compared to the previous EPS of N4.47 in the third quarter of 2017.

At a reference price of N62.1 it traded on the released date of the Q3’18 result, the PE Ratio of Beta Glass was at 8.78x with earnings yield of 11.38%.

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