Caverton reports N1.18bn as profit in FY 2020, declares 10 kobo dividend to shareholders

The Directors of Caverton Offshore Support Group Plc proposed the payment of dividend of 10 kobo to shareholders in respect of the year ended 31 December 2020.

The Group reported a turnover of N32.173 billion, down by 8.02% from N34.978 billion reported in 2019.

Profit after tax for the twelve months period was N1.184 billion, down by 72.98% from N4.381 billion reported in 2019.

Earnings per share dropped to N0.35 from the EPS of N1.30 achieved in 2019.

At the share price of N1.95, the P.E ratio of Caverton stands at 5.52x with earnings yield of 18.12%.

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