Beta Glass plc profit grew by 68% in 2016


Beta Glass plc ended the year 2016 with NGN19.0 billion revenue in contrast to NGN15.9 billion recorded in the financial year 2015.

The company’s cost of sales for the year was NGN15.1 billion compared to NGN12.2 billion recorded in the year 2015.

Beta Glass recorded NGN3.9 billion gross profit for the year in review against NGN .7 billion recorded in the year 2015. Its operating profit for the year was NGN2.9 billion compared to NGN2.3 billion recorded in the previous year.

The company recorded NGN5.2 billion as profit before tax against NGN3.1 billion in the year before.

After its deduction of tax, Beta Glass profit for the year was NGN3.2 billion compared to NGN1.9 billion recorded in 2015, which represents 68% increase year on year comparison.

Beta Glass plc acquired total assets worth NGN33.1 billion against NGN27.1 billion acquired in 2015. Its Total Liabilities fir the year was NGN11.7 billion against NGN9.5 billion recorded in fiscal year 2015.

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Company Information

Beta Glass Plc is involved in the manufacturing, sale and distribution of hollow Glassware in Nigeria. The company started operating on 26th June 1974 and is listed on the Nigerian Stock Exchange since 1986.

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