Beta Glass first-half net income declines by 23.22%

Beta Glass of Nigeria plc says net income in the three months through March 2014, fell by 23.22 percent to N479.79 million from N625.25 million a year earlier, according to a statement posted on the website of the Nigerian Stock Exchange.

The company was however able to boost top-line performance as revenues spiked by 13.33 percent to N3.91 billion in the first quarter (Q1 2014) from N3.44 billion as of Q1 2013.Based on BusinessDay analysis, bottom-line performance fell due to cost pressures that culminated in lower margins.Read more: http://businessdayonline.com/2014/06/beta-glass-first-half-net-income-declines-by-23-22/ Beta Glass of Nigeria plc says net income in the three months through March 2014, fell by 23.22 percent to N479.79 million from N625.25 million a year earlier, according to a statement posted on the website of the Nigerian Stock Exchange. 

The company was however able to boost top-line performance as revenues spiked by 13.33 percent to N3.91 billion in the first quarter (Q1 2014) from N3.44 billion as of Q1 2013.

Based on BusinessDay analysis, bottom-line performance fell due to cost pressures that culminated in lower margins.

Read more: http://businessdayonline.com/2014/06/beta-glass-first-half-net-income-declines-by-23-22/

600450 Beta Glass first-half net income declines by 23.22% glassonweb.com

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