[Corporate Action] Nigerian Enamelware Posts 43% Drop In Pre-tax Profits To N69 million


Nigerian Enamelware released its financial results for Q2’2015, the result showed that revenue dropped by 49% from N2.6 billion in Q2 2014 to N1.3 billion in Q2 2015.

Pre-tax profits also dropped by 43% from N122 million in Q2 2014 to N69 million in Q2 2015.

See Summary of result below..

Nigerian Enamelware Q2 2015 2015 2014 % Change
N’m N’m
Revenue 1,328 2,608 -49.08%
Gross Profit 222 408 -45.59%
Operating Expenses -101 -206 -50.97%
Pre-tax profits 69 122 -43.44%
Profit After Tax 48 94 -48.94%
Share Price (As at Press time)

DOWNLOAD RESULT

What's your say?