The publicly quoted diversified holding company with over sixty years experience in Automobile, Industrial Compressor, Material Handling, Industrial Equipment, Power and Real Estate business released its half year 2019 scorecard to the market on 17th September, 2019, showing that the company’s total turnover was up 29% to about N3 billion for the first six months of 2019. This is 29.33% better than N2.373 billion recorded same period last year.
The company, according to its result also ended the period with a loss after tax of about N400 million in contrast to the loss of N1.7 billion recorded same period last year. This translates to about 75% year on year bottom-line improvement.
The company’s shareholders’ earnings per share appreciated by 75.19% to stand at 36kobo from 145kobo reported last same period, both in deficit.
Its PE Ratio is at -0.80x at a reference price of N0.29 with an earnings yield of 124.38%.