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Home Business News

Beta Glass earns ₦22 billion as FY 2017 revenue

Onome Ohwovoriole by Onome Ohwovoriole
March 30, 2018
in Business News, Company News
Beta Glass earns ₦22 billion as FY 2017 revenue

Glass bottles by Andrew Seaman

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Beta glass recently released its financial statements for the year ended December 2017. Revenue increased from ₦19 billion in 2016 to ₦22.1 billion in 2017.

Profit before tax moved up from ₦5.2 billion in 2016 to ₦5.8 billion in 2017. Profit after tax also grew from ₦3.7 billion in 2016 to ₦4.1 billion in 2017.

The company has recommended a gross dividend of ₦1.07 per share.

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Onome Ohwovoriole

Onome Ohwovoriole

Onome Ohwovoriole has a degree in Economics and Statistics from the University of Benin and prior to joining Nairametrics in December 2016 as Lead Analyst had stints in Publishing, Automobile Services, Entertainment and Leadership Training. He covers companies in the Nigerian corporate space, especially those listed on the Nigerian Stock Exchange (NSE). He also has a keen interest in new frontiers like Cryptocurrencies and Fintech. In his spare time, he loves to read books on finance, fiction as well as keep up with happenings in the world of international diplomacy. You can contact him via onome.ohwovoriole@nairametrics.com

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