The full year financial report of Newrest ASL Nigeria PLC for the year ended 31 December 2018 reveals that the group’s topline figures grew by 38.40% closing at N5.4 billion from the previous close of N3.9 billion in 2017.
Profit before Tax (PBT), advanced by 284.96% to settle at N1.5 billion from N392 million of 2017.
The Profit after Tax (PAT) also soared by 284.73% arriving at N1.4 billion from the previous close of N386 million.
Equity attributable to the shareholders for the period grew by 39 percent from ₦3.5billion worth of shares in 2017, to ₦4.8 billion in the current year under review.
The group in the period retained ₦1.8million as earnings in the year under review from ₦1.6 million recorded in 2017, indicating 12.49 percent growth.
For the period under review, the EPS of AIRSERVICE stands at N2.35 from N0.61 earned in the preceding year of 2017.
At a stock price of N6.45, the company’s price to earnings ratio settles at 2.75x with about 36% earnings yield as at when computed.
A dividend of 20 kobo per 50 kobo ordinary share, subject to appropriate withholding tax was recommended for the company’s owners. The company secretary also disclosed from the board resolution that the AGM will be held on Thursday May 16th 2019.