BOC Gases Nigeria Plc records a 40% dip in profit to N60.2 million in Q1 2021.

BOC Gases Nigeria Plc released its unaudited results for the first quarter of the year (Q1, 2021).

• Revenue for the period was N778.5 million. (-5.8% YoY)
• Cost of sales was N427.6 million. (+5.3% YoY)
• Operating profit of N107.6 million. (-6.01% YoY)
• Administrative expenses totalled N142.5 million. (-10.7% YoY)
• Profit after tax was N60.2 million. (-39.8% YoY)
• Earnings per share of 14 kobo Vs 24 kobo YoY.

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