![[Corporate Action] May & Baker Posts 34% Drop In PAT to N41bn In Q3’2015](https://nairametrics.com/wp-content/uploads/2015/11/Maybaker.png)
May & Baker released its financial result for the nine months ended 30 September 2015.
The result showed that revenue decreased by 24.72% from N7 billion in Q3’2014 to N5.2 billion in Q3’2015.
Pre-tax Profits also declined by 40% from N101 billion in Q3’2014 to N60 billion in Q3’2015.
See Summary of result below..
| May & Baker PLC Q3 2015 | 2015 | 2014 | % Change |
| N’m | N’m | ||
| Revenue | 5,283 | 7,018 | -24.72% |
| Gross Profit | 1,752 | 2,559 | -31.54% |
| Operating Expenses | -1,290 | -1,891 | -31.78% |
| Pre-tax profits | 60,628 | 101,173 | -40.07% |
| Profit After Tax | 41,227 | 63,340 | -34.91% |
| Share Price (As at Press time) | N1.26 |
