Chellarams Grows its Gross Earnings so far in 2019 by 28%, Down by over 100% in EPS

Chellarams and Subsidiaries companies has grown its group first quarter Topline figures by 28.82% for the period ended on the 31st March, 2019 standing at about N11.2 billion away from N8.7 billion reported in the corresponding period of 2018.

The financial report which was made public on Friday, June 28, 2019 showed that the company’s bottom line figures of N2.7 billion deficit recorded in the first three months, 2019 dipped massively by 1400%, below N200 million recorded in the Q1’2018.

The earnings per share (EPS) also fell by more than 1000%. The current period’s PE Ratio is at -0.81X and the earnings yield at -123.90% with a reference stock price of N3.08 per unit as at the date traded last.

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