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Japaul records 69% growth in first quarter PAT

By Michael Eboh
Japaul Oil and Maritime Services Plc has recorded significant improvement in its major financial indices in its first quarter ended, March 31, 2010 financial statements, announcing a 68.55 per cent growth in its profit after tax to N425.51 million compared to N252.46 million recorded in similar period in 2009.

According to the result released to the investing public, its turnover grew by 47.35 per cent to N1.62 billion from N1.096 billion in 2009, it recorded a gross profit of N875.79 million, rising by 32 per cent from N663.46 million recorded in 2009, while its profit before tax rose by 69 per cent to N531.89 million from N315.57 million recorded in 2009.


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