NASCON Declares N1.8bn PAT in 2019 Audited Result; Proposes N0.40K Final Dividend (SP:N9.40K)


Tuesday, March 24, 2020 / 2:32 PM / NSE / Header Image Credit: National Salt Company Of Nig

Nascon Allied Industries Plc released its 2019 Audited results for the period ended December 31st, 2019.

Key Highlights

  • Revenue grew by 6.7% to N27.5bn from N25.8bn in the previous quarter.

  • Profit before tax declined by 57.1% to N2.8bn.

  • Profit after tax declined by 58.3% to N1.8bn.

  • Net Assets also declined by -6.8% to N11.1bn from N11.9bn.

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