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Headline : Nigeria : Nascon Allied plc declares 151.28% increase in profit-after-tax for FY 2023

Read more from the original article on here at www.african-markets.com.




Tags : #nigeria #nascon #allied #plc #declares #1512825 #increase #profitaftertax #fy #2023


No. of Paragraph 21

Nascon Allied Industries Plc has reported an increase in its profit after tax from N5.46 billion reported in 2022 to N13.72 billion for 2023. This represents an increase of 151.28% from the previous year.

This is contained in the company’s 2023 financial report published on the Nigerian Stock Exchange (NGX).

The company’s revenue grew by 37.49% to N80.82 billion from N58.78 billion reported in 2022.

Nascon Allied also posted a pre-tax profit of N20.58 billion, representing an increase of 145.58% from the N8.37 billion posted in FY 2022.

Read more from the original article on here at www.african-markets.com.


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