C&I Leasing reports N9.27bn as turnover, PAT declines by 57.84%

C&I Leasing on Monday published its Second Quarter result for the period ended 30 June, 2021.

The result shows year on year decline in the company’s top line and bottom line figures for the period under review.

A turnover of N9.266 billion was reported for the six month period, down by 15.54% from N10.971 billion reported the previous year.

Profit after tax was down by 57.84% to N113 million from N268 million reported the previous year.

Earnings per share for the period under review dropped to 13 kobo from the EPS of 36 kobo.

At the share price of N4.7, the P.E ratio of C&I Leasing stands at 34.9x with earnings yield of 2.87%.

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