Ekocorp profit fell by 6% in full year 2015

Nigerian Enamelware

Ekocorp plc is reporting 6% fall in profit to NGN146.9 million for the full year 2015 compared to NGN156.7 million recorded in the financial year 2014.

The hospital ended the year with NGN1.3 billion turn over against NGN1.3 billion recorded in the previous year while gross profit NGN455.9 million in contrast to NGN470.4 billion in the year before.

Operating expenses for the year reduced to NGN269.5 million from NGN273.4 million in the year 2014 while profit before tax was NGN175.7 million against NGN185.5 million in the year before.

Ekocorp plc said its total assets at the end of the period was NGN3.6 billion compared to NGN3.4 billion in the previous year while total liabilities increased to NGN1.9 billion from NGN1.1 billion in the year before.