Aug 16 (Lagos) - BOC Gasses Plc reported unaudited financial results for the first six months of 2012. Top line revenue increased slightly to N 1.09 billion in 2012 from N 1.08 billion in 2011. Cost of sales increased to N 574 million from N 550 million same period.
Selling and distribution expenses increased to N 175 million in the H1 of 2012 up from N 154 million in 2011. Administrative expenses decreased to N 179 million in 2012 from N 184 million in 2011. Operating profit declined sharply to N 189 million in the first half of 2012.
Profit after tax declined by 16% to N 129 million in the first half of 2012 from N 155 million in the same period of 2011. As at 30 june 2012, company had total assets of N 2.29 billion.
reporting for easykobo.com on Thursday, Aug 16 2012 from Lagos, Nigeria