Connect with us

Business

Fidson boosts half year profit by 2.53% to N2.77bn

Published

on

Pharmaceutical firms fall into deeper crisis over worsening economy

Fidson Plc in its published half year report for the period ended 30 June 2023 achieved appreciable growth in its top line and bottom line figures.

A turnover of N25.580 billion was reported for the six months period, up by 25.52% from N20.379 billion reported the previous year.

Profit after tax grew by 2.53% to N2.77 billion from N2.70 billion reported same period last year.

Earnings per share increased to N5.63 from the EPS of N2.53, which translates to 2.53% growth year on year.

At the share price of N14.60, the P.E ratio of Fidson stands at 12.09x with earnings yield of 8.27%.