Aluminium Extrusion Industries Plc has reported 4% decline in its turnover for the half year ended June 30th, 2018. According to the its reports released to the market on the 25th of July, 2018, revenue for the period under review stood at N1.3billion after it dropped mildly from the previous N1.4billion recorded last same period.
However, the company ended the period with N49million profit after tax, sustaining its previous same period’s feat with a year on year 43% bottom-line growth.
Its shareholders’ earnings grew also 43% from 16kobo to 23kobo in the corresponding period.
The PE Ratio is however relatively high at 41x with just about 2% earnings yield for an equity price of N9.20.
Aluminium Extrusion with over twenty years of experience in extrusion business. It draws its strength from being part of the international group that is in extrusion business in Ghana, Kenya, Trinidad, Srilanka, Nepal, Jamaica and other countries.