Thursday, May 13, 2021

First Aluminium Nigeria FY,15 Profit Down By 21.8 %

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Babatunde Akinsola
Babatunde Akinsola is aNaija247news' Southwest editor. He's based in Lagos and writes on the Yoruba Nation political issues, news and investigative reports

Untitled-1The Nigerian Stock Exchange today published First Aluminium Nigeria’s financials for the nine month period ended 30th September 2015 which showed an 18 per cent increase in revenue to N7.748 billion from N6.568 billion recorded in the prior period of 2014.

However, profit before tax fell 21.8 per cent to N37.309 million from N47.729 million, while profit after tax reduced to N25.4 million from N32.5 million posted in the same period of 2014. Basic and diluted earnings per share remained unchanged at 0.01 kobo per share.

The company’s shares listed under the Industrial goods sector of the NSE is trading at 50 kobo per share. It has N1.1 billion in market capitalization and 2.1 billion shares outstanding.

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