Q3 2019: May & Baker Nigeria grows profit by 14 per cent to N696m

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Tribune Online
Q3 2019: May & Baker Nigeria grows profit by 14 per cent to N696m

May & Baker

May & Baker Nigeria Plc, Nigeria’s oldest pharmaceutical company, grew its profit by 14 per cent in the third quarter as it continued to draw on its operating efficiency and stronger financial position to mitigate macroeconomic headwinds.

Key highlights of the unaudited report and accounts of May & Baker Nigeria for the nine-month period ended September 30, 2019 released at the Nigerian Stock Exchange (NSE) showed that profit before tax rose by 14.2 per cent to N696.44 million in third-quarter 2019 as against N609.94 million recorded in corresponding period of 2018. Net profit after tax also rose by 14.2 per…



Source: Nigerian Tribune