Weather Report
15.23℃
Sunday, May 12
However, the net profit margin fell to 13.8 per cent from nearly 27 per cent in the same period last year, indicating the heavy burden of increased costs on the company’s bottom line.
Profit before tax increased modestly by 13.3 per cent to₦166.4 billion, while profit after tax improved by 2.9 per cent to ₦112.7 billion.
Operating profit was adversely affected by a substantial increase in selling and distribution expenses, which rose by 111.4 per cent to ₦145.3 billion, driven by a significant uptick in haulage costs..
Read Full Story
![BREAKING: Rivers Assembly Gets New Speaker Loyal To Gov Fubara [Video]](https://www.naijanews.com/wp-content/uploads/2024/05/fubara.jpg)
