NGX Group Plc boosts profit by 787.73% in FY 2023, declares 75 kobo dividend to shareholders

NGX Group Plc on Monday published its Audited Financial Statement for the year ended, 31 December 2023.

Revenue of N8.3 billion was reported for the 12 months period, up by 34.51% from N6.17 billion reported the previous year.

Profit after tax grew year on year by 787.73% to N5.25 billion from N591.5 million reported in 2022 year end.

Earnings per share of NGX Group stands at N2.67.

At the share price of N21.30, the P/E ratio of NGX Group Plc stands at 7.97x with Earnings Yield of 12.55%.

The Group proposed a final dividend of 75 kobo to shareholders whose names appear in the Register of Members as at the close of business on 26 March 2024.

Register of shareholders will be closed on 27 March 2024. Payment date will be communicated once AGM date has been fixed.

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