May & Baker Nigeria Plc grows half-year profit by 27% to N555.3million.

May & Baker Plc released its unaudited financial statements for the period ended 30th of June, 2021.

• Revenue for the period was N5.5 billion. (+35.7% YoY)
• Cost of sales was N3.11 billion. (+25.5% YoY)
• Operating profit was N936.8 million. (+36.2% YoY)
• Administrative expenses totalled N542.05 million. (+104% YoY)
• Profit for the period was N555.3 million. (+26.5% YoY)
• Earnings per share from continuing operations was 32 kobo Vs 25 kobo YoY
• Total assets for the period was N14.14 billion

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