Mcnichols, audited reports for the half year ended 31th December 2018 was released to the market on 4th March 2019. The reports showed a decline in topline figures to N786million from N967million recorded in the preceding period of 2017. This represents 18.64% full year fall in revenue.
The profit after tax for the period under review grew marginally from N38milliom in 2017 to N39million in the current reports, which imply 2.65% appreciation in (PAT).
The earnings per share also slightly grow by 2.65%, from 11kobo of 2017 to 12kobo in the period under review.
The PE Ratio for the current period stands at 4.25x and the earnings yield at 23.55%.
The Management of Mcnichols recommends 50kobo per share as dividend, subject to appropriate withholding tax and approval will be paid to shareholders whose names appear in the Register of Members as at the close of business on the 8th April 2019.
The Register of Shareholders will be closed from 9th April to 15th 2019. The Qualification date will be Monday 8th April 2019.