SECURE ELECT Garners 3bn in Nine months

The third quarter financial report of Secure Electronic Technology plc for the period ended September 30th 2020 reveals that the group topline figures dipped marginally by 2.15% closing at N3.110 billion from the previous close of N3.178 billion in 2019.

The Company’s loss After Tax improved by 72.70% to settle at a loss of N16.814 million from the previous loss of N61.586 million.

For the period under review, the EPS of the Company grew by 72.70% from a deficit of N0.01 previously reported in the preceding period of 2019.

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

-66.99x with about -1.49 % earnings yield.

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