The full year financial report of Aluminium Extrusion Industries PLC for the year ended December 2018 reveals that the group topline figures grew by 6.10% closing at N2.725 billion from the previous close of N2.568 billion in 2017.
Profit before Tax (PBT), advanced by 3.25% to settle at N128 million from N124 million of 2017.
The Profit after Tax (PAT) also soared by 4.20% arriving at N86.901 million from the previous close of N83.398 million.
For the period under review, the EPS of ALEX stands at N0.40 from N0.38 earned in the preceding year of 2017.
At a stock price of N8.20, the company’s price to earnings ratio settles at 20.76x with about 4.82% earnings yield as at when computed.
Aluminium Extrusion Industries Plc is engaged in the manufacture and sale of a range of extruded aluminum profiles, billets and roofing sheets. The Company operates through two segments: Extruded Aluminium Profiles at Owerri and Suleja, and Aluminium Roofing sheets at Owerri.
The Company’s facilities are located at Inyishi, outskirt of Owerri, in the Imo State of Nigeria and consist of extruded aluminum plant, billet casting plant, powder-coated plant, aluminum roofing sheet plant, product storage and other facilities, and at Suleja, Niger State the Company has a leased factory building and a powder-coating plant. The Company’s assets are located in Nigeria.
The Company sells its finished products and by-products in the domestic market. Tower Aluminium (Nigeria) Plc is the parent company of the Company.