The Third Quarter report of Geregu Power Plc for the period ended 30 September 2022 shows significant drop in the Company’s turnover and profit after tax, year on year.
A turnover of N5.203 billion was reported for the 9 months period, down by 86.66% from N39.003 billion reported in Q3 2021.
Profit after tax declined year on year by 88.58% to N1.146 billion from N10.03 billion profit reported the previous year.
Earnings per share of Geregu Power stands at 46 kobo, down by 88.58% from the EPS of N4.01 achieved in Q3 2021.
At the share price of N110, the P/E ratio of Geregu Power stands at 240x with earnings yield of 0.42%.