![[Corporate Action] Nigerian Enamelware Posts 43% Drop In Pre-tax Profits To N69 million](https://nairametrics.com/wp-content/uploads/2015/12/profit-drop.png)
Nigerian Enamelware released its financial results for Q2’2015, the result showed that revenue dropped by 49% from N2.6 billion in Q2 2014 to N1.3 billion in Q2 2015.
Pre-tax profits also dropped by 43% from N122 million in Q2 2014 to N69 million in Q2 2015.
See Summary of result below..
| Nigerian Enamelware Q2 2015 | 2015 | 2014 | % Change |
| N’m | N’m | ||
| Revenue | 1,328 | 2,608 | -49.08% |
| Gross Profit | 222 | 408 | -45.59% |
| Operating Expenses | -101 | -206 | -50.97% |
| Pre-tax profits | 69 | 122 | -43.44% |
| Profit After Tax | 48 | 94 | -48.94% |
| Share Price (As at Press time) |
