Caverton Offshore Support Group Plc has filed its full year results for the year ended 31st December, 2018 on Friday 29th March 2019 with the Nigeria Stock Exchange
The profit after tax (PAT) of the company that engages in the provision of offshore support services to the oil and gas industry, harbour and general marine operations appreciating by 63.92 % to stand at N4.297 billion away from N2.621 billion reported in the corresponding period of 2017.
The financial report showed that the company’s topline figure of N32.109 billion recorded in the current period of 2018 advanced by 56.32%, above N20.540 billion recorded in the preceding year of 2017.
The earnings per share (EPS) also grew by 63.92% from 0.78 of 2017 to N1.28 recorded in the current period under review.
The current period’s PE Ratio is at 1.83X and the earnings yield at 54.58 % with a reference stock price of N2.35 per unit at the date of computation.
A dividend of 25k per 50 kobo ordinary share was recommended by the management of the company subject to appropriate withholding tax and approval at the Annual General Meeting will be paid to Shareholders whose names appear in the Register of Members as the close of business on the 7th May 2019