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Home Markets Equities Stock Market

[Corporate Action] Avon Crowncaps and Containers Records N22 million Loss

Research Team by Research Team
January 28, 2016
in Stock Market
Find Out How Much Loss Investors Made To Falling Equities In 8 Months
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Avon Crowncaps and Containers Nig. Plc, released its financial results for the quarter ended Dec. 31, 2015.

The results showed that revenue rose by 20 percent from N3.1 billion in 2014 to N3.8 billion in 2015.

The distribution and other expenses by 22% from N258 million in 2014, to N314 million in 2015.

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Profit before tax also increased by 222% from N35 million in 2014 to N114 million in 2015.

The company however made a loss of N22 million in 2015.

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