NASCON Allied Industries Plc in its published Audited Financial Statement for the year ended 31 December 2023 achieved significant growth in its top line and bottom line figures, year on year.
The Company reported revenue of N80.828 billion for the 12 months period, up by 37.50% from N58.786 billion reported the previous year.
Profit after tax grew year on year by 151.01% to N13.73 billion from N5.57 billion reported in 2022.
Earnings per share of the Company stands at N5.18.
At the share price of N53.5, the P/E ratio of NASCON stands at 10.32x with earnings yield of 9.69%.
Bonus of two (2) new ordinary shares of 50 kobo to every hundred (100) existing ordinary shares held by Company shareholders was proposed at the board meeting held on February 27, 2024 and subject to approval at the Annual General Meeting.