By Ify Onye InvestAdvocate

Lagos (INVESTADVOCATE)-PS Mandrides Plc operating in the Food/Beverages & Tobacco Sector of the Nigerian Stock Exchange (NSE) has grown its Profit After Tax (PAT) by 153.1 percent (153.1%) in its Unaudited Results 12 Months ended September 2011.

This was contained in the Result Announcement of the Company to the Nigeria’s Exchange and obtained by www.investadvocateng.com in Lagos Nigeria.

To record the growth, PS Mandrides PAT appreciated from a negative position of 12.042 million in year 2010 compared to N6.391 million in the review period of year 2011; indicating a growth of 153.1%.

Profit Before Tax (PBT) also grew from a negative of N6.498 million in the 12 months Result of year 2010 compared to a positive of N8.807 million in the unaudited 12 months period of year 2011; showing a growth of 235.5%.

While Turnover increased slightly from N161.415 million in year 2010 compared to N173.712 million in year 2011; representing an increase of 7.6% in the review period.