John Holt reports pretax profit of N236million

John Holt Plc has released its financial statements for the period ended September 30, 2019. The Consolidated statement of profit or loss for the year ended September 30, 2019 shows group restated revenue of N 1.793billion as against N2.674billion in 2018.

The principal activities of the group are the assembly, sale, leasing and servicing of power and cooling equipment; sale and servicing of fire fighting vehicles and equipment; boat building, sale and servicing of marine equipment; marine transport; warehousing and distribution services; property services and construction.

The shares of the company traded at 56kobo per share. It had reached a 52-week high of 61kobo and a corresponding 52-week low of 46kobo.

The group’s gross profit came lower at N451million against N521million 2018. Profit from operating activities stood at N298million as against loss of N31million in 2018.

Profit before taxation increased to N236million against loss before tax of N86million in 2018. Earnings per share attributable to the ordinary equity holders of the parent was 55.90kobo as against loss per share of 20.77kobo same period in 2018.

John Holt Plc was incorporated on August 28, 1961, in Nigeria as a Limited Liability Company. The Company was listed on the Nigerian Stock Exchange in May 1974. John Holt Plc is a subsidiary of John Holt & Company (Liverpool) Limited, UK. 52.97 percent of the issued share capital of the Company is owned by John Holt & Company (Liverpool) Limited, UK, while 47.03 percent is owned by Nigerian individuals and corporate investors.

Iheanyi Nwachukwu

Iheanyi Nwachukwu, is a creative content writer with almost two decades journalism experience writing on banking, finance, capital markets, and tax. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos. Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA). Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.