EARNINGS ALERT -Tuesday, October 30, 2018

11 PLC recently released its unaudited Q3 2018 results with EPS of N21.8. Please find attached the full result of 11 PLC as released on the NSE and see key highlights below:

  • Revenue increased to N125.04bn in Q3 2018 from N88.25bn in Q3 2017.
  • Cost of sales increased by 44.48% to N112.26bn just as the gross margins declined to 10% from 12%
  • Other Income grew by 27.63% to N6.57bn in Q3 2018
  • Profit after Tax increased significantly by 71.33% to N7.87bn.
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