EARNINGS ALERT – Friday, 9th March, 2018

NASCON ALLIED INDUSTRIES PLC released its audited FY 17 results with EPS of ₦2.02 (₦0.91 in 2016) declaring a dividend of ₦1.50 per share. Please find attached the full result of NASCON ALLIED INDUSTRIES PLC as released on the NSE and see key highlights below:

  • The company achieved revenue of ₦27.06bn representing an increase of 47.96.06% (₦18.29bn in 2016).
  • Cost of sales was up by 37.95% to ₦17.07bn (₦12.37bn in 2016)
  • Distribution expenses decreased marginally by 5.33% to ₦604mn
  • Gross margin increased to 37% from 32% in 2016FY.

Corporate Action
Proposed Dividend                   150 kobo
Qualification date                      Yet to be announced
Payment Date                            Yet to be announced

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