By Our Correspondent

Lagos (INVESTADVOCATE)–Courteville Business Solutions Plc Wednesday announced a Profit After Tax (PAT) of N298.3 million for the Audited Year Ended December 31 2012.

This is contained in the Company’s Result Presentation to the Nigerian Stock Exchange and obtained by InvestAdvocate in Lagos Nigeria.

The Company’s Profit, was N245.3m at the end of the 2011 financial year, compared to N298.3 million in year 2012 end; showing a rise of 21.63 percent (21.63%).

Profit Before Tax (PBT) for the period was N374.2 million compared to N303.6 million recorded in the same period of year 2011; indicating an increase of 23.2%.

While Revenue grew from N855.6 million in year 2011 end to N1,060 billion in the 2012 end; representing a growth of  23.9% in the review period.

Similarly, Gross Profit also increased from N364 million in year 2011 end compared to NN473.6 million in the review period of year 2012; showing an increase of  30.1%.

As earlier reported, Courteville is amongst the list of 64 Firms Quoted on the Nigerian Bourse to have recorded consistent Profit for the period 2009-2011 Financial Year Ends (FYEs).

For year 2012 end, the streak continues as the firms declared a profit of N298, 321,883 million.

Courteville since listing on the Floor of the Nigeria’s Exchange in 2009 has been consistent in declaring Profit, from 2009 to 2011.

In the three (3) periods, the Firm has posted a Profits of N181, 144,102 million, 179,427,759 million and N245, 353,061 million in years 2009, 2010 and 2011 respectively and for year 2012 end the Company declared N298, 321,883 million.