May & Baker Reports Turnover of N11.901 billion, Grows PAT by 8.82%

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CEM REPORT | May & Baker Nigeria Plc has reported an annual turnover of N11.901 billion, a 26.74% increase from N9.39 billion reported the previous year.

This is contained in the company’s Audited Financial Statements for the year ended 31 December 2021 published on Wednesday

May & Baker grew its profit after tax by 8.82% to N1.05 billion from N964.56 reported in FY 2020.

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Earnings per share increased year on year by 8.82% to 61 kobo from 56 kobo reported the previous year. At the share price of N4.4, the P/E ratio of May & Baker 7.23x with earnings yield of 13.83%.

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