Ardova Plc Declares N497m PAT in Q1 2020 Result, (SP:N12.45k)

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Sunday, May 24, 2020 / 10:57 PM / By NSE / Header Image Credit: Ardova Plc


Ardova Plc released its Q1 2020 Unaudited results for the period ended March 31st, 2020.


Key Highlights

  • Revenue grew by 22.3% to N52bn from N43bn in the previous quarter.

  • Profit before tax declined by 81.5% to N580m.

  • Profit after tax declined by 85% to N497m. 

  • Net Assets grew by 3.1% to N16.7bn from N16.2bn.

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