SECURE ELECT Garners 2.1bn in six months

The Second quarter financial report of Secure Electronic Technology plc for the period ended June 30^th 2019 reveals that the group topline figures dipped marginally by 2.27% closing at N2.115 billion from the previous close of N2.164 billion in 2018.

Profit After Tax (PAT), fell by 106% to settle at N39 million deficit from previous period deficit of N19 million.

For the period under review, the EPS of the Company stands at N0.01 deficit better than the previously reported EPS recorded in the preceding period of 2018.

At a stock price of N0.20, the company’s price to earnings ratio settles at

-28.29x with about -3.53% earnings yield as at the released date