Nigeria Enamelware H1 Revenue Rose By 8.1%

Nigeria Enamelware

For the period ended July, 2016, Nigerian Enamelware PLC said its unaudited gross revenue rose by 8.1% to NGN719 million versus NGN665 million it realised in the year before.

Cost of sales increase to NGN609 million within the period from NGN557 million. Nigerian Enamaleware also said its other income increased to NGN111 million versus NGN107 million recorded last year.

The company’s profit before tax also rose to NGN45 million compared to NGN41 million recorded in the previous year.

As a sign of a company doing well, the company’s profit after tax rose to NGN34 million versus NGN31 million reported in the previous year. The company’s net asset at the end of the period was NGN4,5 billion compared to its total liabilities of NGN3,1 billion.

Nigeria Enamelware Plc designs house ware devices. The Company manufactures markets, distributes, and sells enamelware. They they also produce, stores and import body Jewelry and electrical bicycles.

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