May 2 (Lagos) - Eterna Plc ( ETERNA
) reported Q1 (ended March 31 2017) today and these results are going to please the shareholders of the Oil and Gas Company.
Top line revenue rose by 183% to N 51.96 billion in Q1 2017. However cost of sales also grew sharply to N 50.38 billion in Q1 2016 .
Gross Profit rose by 103% to N 1.57 billion in Q1 2017 up from N 775 million in last year.
Profit before tax rose to N 1 billion in Q1 up from N 428 million in Q1 2016.
Profit after tax rose to N 681 million in Q1 2017 from N 291 million in Q1 2016.
Shares of ETERNA
should see positive reaction after these results.
reporting for easykobo.com on Tuesday, May 2 2017 from Lagos, Nigeria
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