2014 Q1: Courteville Post 7.8% Increase in Pre-tax profits..see details

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Courteville Business Solutions released their Q1 2014 results showing a 31% rise in revenue to N411million compared to N313 million posted a year earlier. Other highlights of the results are as follows;

• Gross profit rose 30% to N218million (2013 Q1: N167million)
• Operating profit was N130million a 53% rise from N114million posted a year earlier.
• Pre-tax profits was higher by about 8% to N123million (2013 Q1: N114million
• Operating profit margins came in higher this quarter at 31.6% compared to 27% the year before.
• Operating expenses as a percentage of operating profit as 40% compared to 49%
• Return on equity for the period was 3.4% compared to 3% a year earlier