EARNINGS ALERT – Wednesday, 4th April, 2018

MAY & BAKER NIGERIA PLC released it audited financial accounts for the year  2017. Please find attached the full result of MAY & BAKER NIGERIA PLC as released on the NSE and see key highlights below:

  • Revenue grew by 10.43% to N9.35bn from N8.47bn. The pharmaceutical segment of the firm recorded a growth of 26.94% in 2017.
  • Cost of sales was up marginally by 2.39% to N6.08bn as the gross margin improved to 35% from 30% achieved in 2016
  • The finance costs rose significantly by 37% to N682mn from N519mn.
  • Profit after Tax grew by 800% to N370.86mn in 2017

Corporate Action
Proposed Dividend                           20kobo
Qualification date                              20th April 2018
Closure Date                                       23rd – 27th April 2018
Payment Date                                     6th June 2018

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