May & Baker Nigeria reports N11.9bn as turnover, PAT rises by 8.82% in FY 2021

May & Baker Nigeria Plc on Wednesday published its Audited Financial Statements for the year ended 31 December 2021.

The Company reported a turnover of N11.901 billion, up by 26.74% from N9.39 billion reported the previous year.

May & Baker grew its profit after tax by 8.82% to N1.05 billion from N964.56 reported in FY 2020.

Earnings per share increased year on year by 8.82% to 61 kobo from 56 kobo reported the previous year.

At the share price of N4.4, the P/E ratio of May & Baker 7.23x with earnings yield of 13.83%.

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