The Full Year financial report of BOC GASES for the period ended December 31st 2019 reveals that the group grew by 6.97% in Gross Earnings closing at N3.069 billion from the previous close of N2.869 billion in 2018.
The Profit after Tax (PAT), dropped by 39% to arrive at N215.9 million below N357.6 million recorded in HY’18.
The company sheds its shareholders’ Earning per Share (EPS) by 39.61%, closing at 52 kobo away from 86 kobo reported in 2018.
At a reference price of N4.05, the PE Ratio stood at 7.81x with earnings yield of 12.81%.
The company proposed a final dividend of 30kobo per 50kobo ordinary share, subject to appropriate withholding tax approval will be paid to shareholders whose names appear in the register of members as the close of business on June 5th, 2020.