Morison Industries Plc reports revenue of N113.5 million in Q3 2021

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

  • Revenue during the period was N113.5 million. (+15.55% YoY)
  • Cost of sales stood at N80.2 million. (+26.61% YoY)
  • Distribution costs for the period was N18.5 million. (+10.33% YoY)
  • Operating expenses of N93.9 million was recorded. (+5.47% YoY)
  • Loss for the year stood at N55.01 million (+18.27%)
  • Total assets during the period stood at N417.4 million. (+28.7 Mn YoY)
  • Loss per share of -0.06 kobo Vs -0.05 kobo YoY.

See link to results.

Morison Industries Plc reports a loss of N107.32 million in FY 2020.

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

  • Revenue for the year was N121.97 million. (+41.6% YoY)
  • Cost of sales was N109.3 million. (+46.2% YoY)
  • Operating expenses totaled N132.46 million. (+12.7% YoY)
  • A loss after tax of N107.32 million was incurred.
  • Loss per share for the period was 11 kobo.
  • No dividend announcement was made.

See link to results.