2020 FY Results: Studio Press Plc records a decline of 87% in Profit after tax.

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

• Revenue for the year was N11.5 billion. (+11% YoY)
• Cost of sales was N10.02 billion. (+19% YoY)
• Administrative expenses totaled N893.82 million. (+0.5% YoY)
• Operating profit was N620.3 million (-44% YoY)
• Profit after tax was N37.6 million. (-87% YoY)
• Earnings per share of 6 kobo Vs 48 kobo YoY.
• No dividend announcement was made.

See link to results.