Livestock Feeds Grows Profit by 232.97% in 2020

By January 29, 2021 NEWS

Livestock Feeds Plc, a major manufacturer  and marketer of animal feeds and concentrates has released its statement of profit or loss and other comprehensive income for the year ended 31st December 2020 with a growth in revenue to N 3.191 billion in the fourth quarter  from N2.524 billion in Q4 2019.

The revenue for the full year rose to N11.179 billion from N9.955 billion in 2019.

The result released at the Nigerian Stock Exchange on Wednesday showed that profit after taxation grew by 33.63% in Q4 to N129.319 million from N96.774 million in 2019.

Profit for the full year jumped by 232.97% to N354.123 million from N106.353 million in 2019.

Livestock Feeds Plc was incorporated on 20th March,1963, commenced business on 20th May, 1963 and was quoted on the Nigerian Stock Exchange in 1978.

Source: Worldstage