CAP PLC report N1.79bn as profit for 2024 half year

Chemical and Allied Product PLC on Wednesday published its half year financial report for the period ended 30th June, 2024. The report shows year on year growth in the company’s topline and bottom line figures.

A total turnover of N15.61 billion was reported for the six month period, up by 59.68% from N9.78 billion reported the previous year.

Profit after tax of N1.79 billion was recorded as against the profit of N1.28 billion in the previous year. This represents 39.90% growth in PAT.

Earnings per share (EPS) of the company for the period under review appreciated to N2.20 from the EPS of N1.57.

At the share price of N36.00, the P.E ratio of CAP PLC stands at 16.37x with earnings yield of 6.11%.

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