May and Baker Nigeria Plc grows profit by 478% to N247.4 million in Q1 2021.

May and Baker Nigeria Plc released its unaudited results for the first quarter of the year (Q1, 2021).

• Revenue for the period was N2.7 billion. (+47.8% YoY)
• Cost of sales was N1.56 billion. (+11.8% YoY)
• Administrative expenses totalled N211.2 million. (+178.3% YoY)
• Operating profit of N418.98 million. (+482.2% YoY)
• Profit for the year was N247.4 million. (+478% YoY)
• Earnings per share of 14 kobo Vs 2 kobo YoY.

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