Courteville Business post 22% increase in profit for nine months

Union Diagnostics

Courteville Business Solutions plc is reporting 22% increase in profit to NGN43.2 million for the nine months ended September compared to NGN27.0 million reported in the same period in the financial year 2016.

The company delivered NGN1.0 billion for the period in contrast to NGN945.3 million posted in the year before, representing 6% rise year on year comparison. Meanwhile, gross profit was at NGN457.6 million against NGN397.9 million in the previous year.

Courteville operating cost increased to NGN361.4 million from NGN341.8 million in the year 2016 while operating profit lowered to NGN97.9 million against NGN129.4 million in the year before.

Total assets of Courteville Business solution was NGN4.0 billion compared to NGN3.9 billion acquired in the year before while total liabilities was NGN877.4 million versus NGN806.4 million in the year 2016.