CAP Plc posts N779.8 million as profit for H1’2016

By Ihesiulo Grace

26 July 2016

Plc has posted a 10.2 percent reduction in its profit after tax (PAT). The company made a PAT of N779.8 million in contrast to N868.2 million realised for the same period of 2015.

The company’s statement of comprehensive income for the period ended June 30 2016 showed that revenue declined by N111 million or 3.1 percent from N3.6 billion to N3.4 billion, profit before tax dropped by 9.9 percent from N1.3 billion to N1.1 billion, while earnings per share declined to N1.11 from N1.24 per share.