Japaul Gold grows Q1 profit by 67.96%

Japaul Gold on Thursday published its First Quarter result for the period ended 31 March 2021. The result shows growth in the company’s topline and bottom line figures.

Japaul reported a turnover of N209.403 million, up by 8.23% from N193.487 reported in Q1 2020.

Profit reported for the period under review was N38.107 million, up by 67.96% from N22.688 million.

Earnings per share (EPS) of the company increased to 1 kobo from the EPS of less than 1 kobo.

At the share price of 57 kobo, the P.E ratio of Japaul Gold stands at 93.69x with earnings yield of 1.07%.

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