John Holt Post Unflattering PAT of N635million for FY Sept 2012

John Holt Plc released its 2012 Audited results with revenues dropping 53% to N2.7billion compared to the same period last year. Loss before tax was N1.8billion failing to reverse last years pre-tax loss of N1.9billion. The company declared exceptional item of N2.4billion helping them post a profit after tax of N635million.

The company also has loans of about N3.6billion (equity is N1.9billion) and has negative distributable reserves of N3.7billion.

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