Law Union and Rock Plc has recorded a drop in the Profit After Tax to the tune of 42.06% in its First quarter results ended 31stMarch 2019 to arrive at N65.331mn below N112.755mn recorded same period, previous year of 2018.
The company’s revenue so far in 2019 stood at N2.2bn reflecting a growth of about 24%, above N1.8bn reported for Q1’18.
Earnings per share settled higher from 2kobo to 3kobo in the current period under review, representing also about 42% year on year growth with about 4billion share outstanding.
At a stock price of N0.46, the company’s price to earnings ratio stood 30.25x with about 3.31% earnings yield as at when computed.
