Tantalizers sheds 5.56% turnover to settle at N290.6m in Q1

Adebayo Obajemu

Tantalizers Plc, a leading fast food company on Monday 8th of June, 2020 published its First Quarter report for the period ended 31 March 2020 on the website of the Nigerian Stock Exchange.

The company reported a turnover of N290.6 million, down by 5.56% when compared with N307.7 million reported in the first quarter of 2019.

Profit after tax appreciated by 19.54% to a deficit balance of N65 million from a deficit balance of N80.8 million reported in Q1 2019.

The earnings per share (EPS) of improved by 19.54% to a deficit of 2 kobo from the previous deficit of 3 kobo in the first quarter of 2019.

With reference to the share price of N0.20, the P.E ratio as calculated stands -9.87x with earnings yield of -10.13%.