Morison Industries declares N19.99m loss in Q1 2021

Morison Industries Plc in its Q1 2021 report posted a turnover of N29.126 million, down by 25% from 38.837 million reported in Q1 2020.

The company reported a loss after tax of N19.989 million as against the loss after tax of N13.157 million reported in Q1 2020.

Earnings per share declined to – 2 kobo from the EPS – 1 kobo reported in Q1 2020.

At the share price of 94 kobo, the P.E ratio of Morison Industries Plc stands at -46.52x with earnings yield of -2.15%.

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