Meyer Plc reports N759m revenue in Q3 2021

Meyer Plc on Thursday published its Third Quarter report for the period ended 30 September 2021.

The company reported a turnover of N759.157 million for the nine month period, up by 34.01% from N566.511 million reported the previous year.

Profit after tax improved significantly to N9.474 million from a loss after tax of N100.528 million declared the previous year.

Earnings per share Meyer Plc for the period under review stands at 2 kobo.

At the share price of 20 kobo, the P.E ratio of Meyer Plc stands at 10x with earnings yield of 10%.

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