Aluminium Extrusion Industries Plc reports net loss of N11.53 million in Q3 2021

Aluminium Extrusion Industries Plc released its unaudited financial results for the third quarter of the year ended 30th of September 2021.

  • Revenue during the period was N655.99 million. (+185.51% YoY)
  • Cost of sales stood at N603.87 million. (+288.40% YoY)
  • Gross profit for the period was N52.12 million. (-29.83% YoY)
  • Administrative and Finance cost of N57.96 million was recorded. (+42.41% YoY)
  • Loss for the period stood at N11.53 million (-127.82%)
  • Total assets during the period stood at N2.55 billion. (-20.52 Mn YtD)
  • Earnings per share of 0 kobo Vs 19 kobo YoY.

See link to results.

Aluminium Extrusion Industries Plc grows profit by over 2,000% in 2021 Half Year.

Aluminium Extrusion Industries Plc released its unaudited financial statements for the period ended 30th of June, 2021.

  • Revenue for the period was N1.4 billion. (+37.3% YoY)
  • Cost of sales was N1.16 billion. (+36.2% YoY)
  • Administrative expenses totalled N77.5 million. (+6.7% YoY)
  • Profit after tax was N68.3 million. (+2,184% YoY)
  • Earnings per share of 31 kobo Vs 1 kobo YoY.

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3 Directors resign from the board of Aluminium Extrusion Industries Plc.

The Board of Directors of Aluminium Extrusion Industries Plc have announced the resignation of three Non-Executive Directors from its Board.

According to a notification sent to the Nigerian Exchange Group Limited (NGX) and seen by Nairametrics, the affected Directors are; Chief (Dr) Jinesh Chandra Dugad, Messrs Vivek Goel and Prasanta Kumar Ganguly.

In line with statutory procedures, the Board during its meeting held on the 20th of March 2021, deliberated on the requests by the aforementioned Directors to resign from their positions, and subsequently granted approval.

Sequel to this, it is pertinent to note that the resignation of Chief (Dr) Jinesh Chandra Dugad and Mr Prasanta Kumar Ganguly will be effective from 20th of July and 7th of August, 2021 respectively.

Aluminium Extrusion Industries Plc is a leading manufacturing company in Nigeria producing and marketing extruded aluminium products, coloured and wood products.

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Aluminium Extrusion Industries Plc posts N149.38 million profit in FY 2020.

Aluminium Extrusion Industries Plc released its full-year results for the year ended 31st December 2020.

  • Revenue for the year was N2.33 billion. (-10.7% YoY)
  • The cost of sales was N2.06 billion. (-10.4% YoY)
  • Gross profit was N267.55 million. (-12.8% YoY)
  • Administrative and finance cost totaled N167.58 million. (-13.9% YoY)
  • Profit for the year was N149.38 million. (+133.6% YoY)
  • Earnings per share of 68 kobo vs 29 kobo YoY.
  • No dividend announcement was made.

See link to results.