Click here to view John Holt Plc’s Q1 2015 Report

By InvestAdvocate

Lagos (INVESTADVOCATE)-John Holt Plc said on Wednesday its pretax profit for the first quarter period ended October to December 2015 dropped 51.6 percent to a negative N112 million from a negative of N231 million recorded the same period of 2014.

Similarly, profit after tax (PAT) declined 48.4 percent to a negative N127 million from a negative N246 million recorded a year ago.

Revenue of John Holt also depreciated from N536 million in the Q1 of 2014 to N418 million in the review period of 2015, the company said in a filing with the Nigerian Stock Exchange (NSE).