2021 Q1 Results: Meyer Plc reports a 123% increase in profit to N5.7 million.

Meyer Plc released its unaudited results for the first quarter of the year (Q1, 2021).

  • Revenue for the period was N223.5 million. (-15.5% YoY)
  • Cost of sales was N145.16 million. (-12.9% YoY)
  • Administrative expenses totalled N99.8 million. (-17.02% YoY)
  • Profit for the period was N5.68 million. (+122.7% YoY).
  • Earnings per share of 1 kobo(+120% YoY)

See link to results.

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