NASCON Allied Industries Plc boosts Q1 2021 profit by 15.2%

NASCON Allied Industries Plc on Friday published its unaudited Financial Statement for the period ended 31 March 2021.

The result showed growth in the company’s topline and bottom line figures for the first three months of the year 2021.

The company reported a turnover of N8.337 billion, up by 21.24% from N6.877 billion reported in the first quarter of 2020.

Profit after tax grew by 15.2% to N723.199 million from the profit after tax of N627.756 million reported in Q1 2020.

Earnings per share (EPS) of the company increased to 27 kobo from the EPS of 24 kobo achieved in Q1 2020.

At the share price of N14.8, the P.E ratio of NASCON Allied Industries Plc stands at 54.22x with earnings yield of 1.84%.

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