McNichols Consolidated Plc releases outcome of the Board of Directors Meeting

Through a notice filed with the Nigerian Exchange Limited (NGX), McNichols Consolidated Plc has notified the investing public and the Nigerian Exchange Limited (NGX) of the outcome of the meeting held on October 26, 2021 by the board of directors.

The notice which was signed by the company’s secretary, Mrs. Benedicta Sadare, disclosed that the Board of Directors of McNichols have approved the company’s 2021 third quarter unaudited financial statements (July to September 2021).

In addition, the disclosure stated that the third quarter Unaudited Financial Statements will be filed via the Issuer’s portal on or before Saturday, October 30, 2021

See notice here.

McNichols Consolidated Plc posts N12.82 million profit in Half Year 2021.

McNichols Consolidated Plc released its unaudited financial results for the period ended June 30, 2021.

  • Revenue for the period was N361.7 million. (+13.9% YoY)
  • Cost of sales was N299.56 million. (+14.6% YoY)
  • Selling, marketing and administrative expenses totalled N41.4 million. (+6.2% YoY)
  • Total assets for the period stood at N681.9 million. (+29.3% YoY)
  • Profit from continuing operations of N12.82 million. (+9% YoY)
  • Earnings per share of 3.92 kobo Vs 3.60 kobo YoY

See link to results.