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



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