2020 FY Results: Arbico Plc reports a 21.6% decline in profit.

Arbico Plc released its full-year results for the year ended 31st December 2020.

• Revenue for the year was N5.56 billion. (-8.53% YoY)
• Cost of sales was N4.4 billion. (+8.4% YoY)
• Administrative expenses totaled N947.03 million. (-12.7% YoY)
• Operating profit was N642.23 million. (+1,015% YoY)
• Profit for the year was N413.81 million. (-21.6% YoY)
• Earnings per share of N5.07 Vs N3.56.
• No dividend announcement was made.

See link to results.