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Earnings Report: Neimeth Post Post N69.3Million Full Year Loss (2012)

Ugodre Obi-chukwu by Ugodre Obi-chukwu
March 4, 2013
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Niemeth

Neimeth International Pharmaceuticals Plc released its Year end to December 2012 financials with revenue increasing 22.7% year on year to N2.3billion. It also posted a Gross Profit of N1.3billion representing a 57% Gross Profit Margin against 58% posted same period last year. Operating profit for the end of the year will drop from N241m in the prior year to N48.1m in 2012 as operating expenses increased 48% year on year.

The loss became inevitable as operating profit was unable to absorb about N135.7million in interest charges for the period under review resulting in an N87m pre tax loss.

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Extracts of the company’s result can be found below;

Download (PDF, Unknown)

Tags: EARNINGS REPORTNigerian Company ResultsSTOCKS
Ugodre Obi-chukwu

Ugodre Obi-chukwu

Ugo Obi-Chukwu "Ugodre" is the Founder, Publisher, and Chief Analyst of Nairametrics, a leading business and financial news online platform in Nigeria. Ugo is also the Chief Editor of the Nairametrics “Blurb” Opinion pages. Follow Ugodre on Twitter @ugodre and Instagram @ugodre Email: ugodre@nairametrics.com

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