RT Briscoe reports 34.7% decline in profit
RT Briscoe Nigeria has posted a 34.7 per cent decline in its profit for the first half of the year, dropping from N509 million in 2024 to N332.4 million.
This is according to the company’s unaudited financial report for the first half of the year, released through the Nigerian Exchange Ltd. on Friday.
Also, RT Briscoe witnessed a downturn in its profit before tax from N727.2 million in 2024 to N413.9 million in the year under review.
Meanwhile, the gross profit grew by 28.99 per cent from N2.57 billion in the previous year to N3.32 billion in the first half of the year.
The company’s revenue rose from ₦10.1 billion in 2024 to ₦16.32 billion in the first half of the year, representing 62.16 per cent.
The earnings per share moved from 43k to 28.26k.
(NAN)
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