Tag: Morison Industries Plc

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

Ajibola Akamo Leave a comment

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.

Chidi Emenike Leave a comment

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.