Beta Glass reports 14.1% post-tax profit decrease for period ended December 2022

Key Highlights

• The company reports its profit after tax to be 14.1% lower compared to last year

Beta Glass Plc has released its annual report for the period ended December 31st, 2022 reporting a profit after tax of N4.6 billion.

This represents a 14.1% decrease from the N5.4 billion which the company reported during the same period in 2021.

Key details of the audited financial report are summarized below

Revenue

• December 2022: N54.3 billion
• December 2021: N36.9 billion
• Change: +46.9%

Gross profit

• December 2022: N10.5 billion
• December 2021: N9.2 billion
• Change: +13.5%

Total operating profit

• December 2022: N7.8 billion
• December 2021: N7.8 billion
• Change: -2.33%

Pre-tax profit

• December 2022: N6.9 billion
• December 2021: N7.4 billion
• Change: -5.90%

Net Profit after tax

• December 2022: N4.6 billion
• December 2021: N5.4 billion
• Change: -14.1%