Follow Us on Google Discover
Neimeth has released its 2012 FY results as well as its first quarter 2013 results. Both results showed no significant improvement on bottom line. In fact the company went from a profit of N123million FY 2011 to a loss of N69million in FY 2012. 2013 Q1 was no better dropping from N67million to N37million in pre-tax profits. Despite what might look like a set back the share price is still going up.
I have combed the news to search for any asymmetrical info I might be missing but haven’t found any. Is this another bubble? Or a hype?
