Fidson reports 33.35% loss in Unaudited period 2011

fidson2By InvestAdvocate

Lagos (INVESTADVOCATE) – Fidson Healthcare Plc operating in the Healthcare sector of the Nigerian Stock Exchange (NSE) has reported a 33.35 percent (33.35%) loss in its Unaudited Twelve Months (June) 2011 result made available Friday August 19 2011 from the Stock Exchange to InvestAdvocate in Lagos Nigeria.

From the Profit and Loss Information, Turnover of the Firm declined from N5.100 billion recorded in year 2010 to N4.735 billion in the Unaudited Twelve Months (June) 2011 result; showing a 7.2% decline.

Profit After Taxation (PAT) was N310.668 million in the Unaudited Year Ended June 2011 compared to N466.183 million in year 2010; representing a growth of 33.35% in the review period.

While Profit before Tax (PBT) of the Company was N443.812 million in year 2011 compared with N642.183 million in year 2010 end; indicating a growth of 30.89% in the review period.

However, Fidson has changed its accounting year from June 30th to December 31st.

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