Q3 2021: Livestock Feeds posts N10.72bn as revenue

Livestock Feeds Plc on Wednesday published its third quarter result for the period ended 30 September 2021.

The result shows year on year growth in the company’s top line and bottom line figures for the period under review.

Total revenue of N10.721 billion was reported for the nine months period, up by 34.2% from N7.988 billion reported the previous year.

Profit after tax grew year on year by 87.08% to N420.446 million from N224.804 million reported in Q3 2020.

Earnings per share increased significantly by 87.08% to 14 kobo from the EPS of 7 kobo achieved in Q3 2020.

At the share price of N2.3, the P.E ratio of Livestock Feeds stands at 16.41x with earnings yield of 6.10%.

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