NASCON Allied Industries Plc has posted improved performance in its financial results for the year ended December 31, 2015 as salt and tomato processing company revenue soared by N4.928 billion accounted for 43.80 per cent.
The company revenue surged from N11.251 billion it made in 2014 to N16.178 billion at the end of 2015 financial year.
Principal activities of NASCON during the year include processing of raw salt into refined, edible and industrial salt. The company also produces seasoning tomato paste and vegetable oil.
Profit before tax stood at N3.018 billion in 2015 from N2.856 billion, represented N161.165 million or 5.64 per cent.
However, the company profit after tax move up from N1.867 billion to N2.106 billion which was N238.608 million or 12.78 per cent increase.
NASCON Allied Industries retained 13.02 per cent of its revenue as profit for the year in 2015 as against 16.60 per cent it retained during 2014 financial year. It proposed dividend of 55 kobo at the end of 2015 financial year against 50 kobo it declared last year.
