CAP Plc posts N456.28m profit in 1Q

CAP  Plc posted profit after tax of N456.28 million at the end first quarter financial years ended March 31, 2020.

The amount showed a drop of 8.55 per cent compared with N498.94 million reported the same period last year.

Profit before tax also fell from N733.75 million to N670.99 within the period under review.

The company ‘s revenue increased to N2.213 billion from N2.095 billion, representing a surge of 19.37 per cent.

A review of the company’s three months result showed that cost of sales up by 5.61 per cent from  N1.086 billion in the preceding year to N1.146 as at March 31, this year while gross profit increased by 15.50 per cent to N1.165 billion from N1.009 billion.

Total assets rose by 12.44 per cent to N7.602 billion from N6.760 billion in the comparative period .

The company’s total liabilities  stood at N4.624 billion against N4.239 billion reported the same period of last year.

Leave a Reply