Studio Press Grows Turnover by 2.52% to settle at N9.7bn in 2018 FY

Studio Press Nigeria Plc on March 29th 2018, published its 2018 full year audited financial reports for the period ended December 31st, 2018.

The financial report showed a 2.52% marginal growth in topline figures of N9.735 billion reported in the current period better than N9.496bilion recorded in the previous period of 2017.

There was a dropped of 12.68% in the profit after tax (PAT) from previous period’s N308.5 million to N269.4 million recorded in the current (2018) period.

The earnings per share stands at 42 kobo for the period under review below 52 kobo declared in the corresponding period of 2017, this represents about 12% increase.

 The current period’s PE Ratio is at 4.39x and the earnings yield at 22.76%.

Studio Press Nigeria Plc is engaged in lithographic printing and manufacturing of cartons, light packaging materials, such as labels and flexo printing, such as nylons and poly wrappers. The Company operates through sales of printing and packaging materials segment.

No rewards for the shareholders inform of dividend as the management did not mention any of such as at the released date of the financial reports

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