Academy Press profit crashes to N4.2 million in Q1 2017

Academy Press

Academy Press Plc said its gross profit for the first quarter ended December 2017, fell drastically to N4.2 million.

The crash in its pre-tax profit is very significant given the fact that the company recorded about N14 million in 2016.

Total revenue for the group rose to N606.2 million in the quarter compared to N585.1 disclosed in the previous year.

Academy Press Plc. was incorporated in Nigeria as a private limited liability company on 28th July, 1964. By a special resolution, it became a public limited liability company on 22nd October, 1991.

It offered its shares to the public in November, 1994 and these shares were listed on the Nigerian Stock Exchange on 15th June, 1995.

The registered address of the company is located at 28-32, Industrial Avenue, Ilupeju Industrial Estate, Ilupeju, Lagos.

The principal activity of the company is the printing of educational and general books, commercial printing of diaries, labels, calendars, periodicals, annual reports, confidential and other printing works.

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