2020 FY Results: Caverton Group Plc records 73% decline in profit after tax.

Caverton Offshore Support Group Plc released its full-year results for the year ended 31st December 2020.

  • Revenue from contracts with customers was N32.17 billion. (-8% YoY)
  • Cost of sales was N18.6 billion. (-8% YoY)
  • Administrative expenses totaled N6 billion. (-15% YoY)
  • Operating profit was N5.29 billion. (-50% YoY)
  • Profit after tax was N1.18 billion. (-73% YoY)
  • Earnings per share of 35 kobo vs N1.29 YoY.
  • A dividend of 10 kobo was proposed by the Board.

See link to results.

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