Nascon Allied Industries Grows Half-year Profit by 12.4% to N1.96bn

Nascon Allied Industries Plc on Monday announced its financial results for the half year ended June 30, 2018, showing a growth of 12.4% in profit after tax.

The company, which is a member of the Dangote Group, reported a revenue of N12.8billion for the H1 of 2018, up by marginal 0.79% from N12.72billion posted in the corresponding period of 2017.

Cost of sales dropped slightly, to about N8.6billion from N8.7billion, while the company’s records shows that no Finance cost incurred for the period under review as against the N72.1million incurred in the previous period.

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