2020 FY Results: Caverton Group Plc records 73% decline in profit after tax.

Caverton Offshore Support Group Plc released its full-year results for the year ended 31st December 2020.

• Revenue from contracts with customers was N32.17 billion. (-8% YoY)
• Cost of sales was N18.6 billion. (-8% YoY)
• Administrative expenses totaled N6 billion. (-15% YoY)
• Operating profit was N5.29 billion. (-50% YoY)
• Profit after tax was N1.18 billion. (-73% YoY)
• Earnings per share of 35 kobo vs N1.29 YoY.
• A dividend of 10 kobo was proposed by the Board.

See link to results.