RT BRISCOE Grows Revenue to N1.5bn in Q1, 2019

Dealer in automobile and industrial equipment released its financial results for the period ended 31st March, 2019 with 76% growth in revenue, closing at N1.579 billion above N894.9 million recorded in 2018.

The Company’s PAT grew from N994 million deficit in 2018 to N214 million deficit in the current period. This represents a 78.44% increase year on year.

The earnings per share for the period under review is at minus 18kobo, advancing by 78% from the previous EPS of minus 84kobo in the first quarter of 2018.

With stock reference price of N0.29, the P.E ratio of RT Briscoe is at -1.59x and the earnings yield at -62.81%.

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