CAVERTON declares N427m PAT in Q1 2020 Results, (SP:N1.83k)


Sunday, July 05, 2020  / 6:42 PM / By NSE / Header Image Credit: Caverton Support Offshore Group Plc

Caverton Offshore Support Group released its Q1 2020 Unaudited results for the period ended March 31st, 2020.

Key Highlights

  • Revenue declined by -5.5% to N7.9bn from N8.3bn in the previous quarter.

  • Profit before tax declined by 52% to N585m.

  • Profit after tax declined by 46% to N427m.

  • Net Assets grew by 2% from N22bn to N21bn.

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