Results & Dividends

NASCON Reports 29.3% Decline in 2014 Pre-tax Profit

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By Yakubu LAAH InvestAdvocate

Lagos (INVESTADVOCATE)-Salt maker, National Salt Company of Nigeria Plc (NASCON) said on Wednesday its pre-tax profit for the period ended December 31, 2014 declined 29.3 percent to N2.85 billion from N4.04 billion recorded a year earlier.

Similarly, profit after tax (PAT) dipped 30.8 percent to N1.86 billion from N2.69 billion in the same period of 2013.

However, revenue climbed up from N8.19 billion in 2013 end to N11.25 billion in the review period of 2014; showing an increase of 37.3 percent, according to the salt maker in a filing with the Nigerian Stock Exchange (NSE).

Share price of NASCON at the end of trading on the Nigerian bourse on Wednesday dropped 2.16 percent to N8.17 from N8.35 recorded the previous session; losing 0.18 kobo.

 

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