May and Baker Nigeria Plc posts profit of N964.6 million in FY 2020.

May and Baker Nigeria Plc released its full-year audited results for the year ended 31st December 2020.

• Revenue for the year was N9.39 billion. (+16.2% YoY)
• Cost of sales was N5.61 billion. (+8.4% YoY)
• Administrative expenses totaled N967.92 million. (+23.4% YoY)
• Operating profit was N1.41 billion. (+39.5% YoY)
• Profit from continuing operations was N964.6 million. (+34.7% YoY)
• Earnings per share from continuing operations was 55.91 kobo Vs 41.51 kobo

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