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Home Markets Equities Company Results

2020 FY Results: Arbico Plc reports a 21.6% decline in profit.

Chidi Emenike by Chidi Emenike
April 1, 2021
in Company Results, Markets
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Arbico Plc released its full-year results for the year ended 31st December 2020.

  • Revenue for the year was N5.56 billion. (-8.53% YoY)
  • Cost of sales was N4.4 billion. (+8.4% YoY)
  • Administrative expenses totaled N947.03 million. (-12.7% YoY)
  • Operating profit was N642.23 million. (+1,015% YoY)
  • Profit for the year was N413.81 million. (-21.6% YoY)
  • Earnings per share of N5.07 Vs N3.56.
  • No dividend announcement was made.

See link to results.


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Tags: Arbico PlcCompany Financial Results
Chidi Emenike

Chidi Emenike

Chidi Emenike is a graduate of economics, a Young African Leadership Initiative Fellow and an Investment Foundations certificate holder. He worked as a graduate Teaching Assistant in the Federal College of Education Kano and is also a trained National Peer Group Educator on Financial Inclusion

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