In its financial report for 2014, Beta Glass saw an increase in revenue and profits, which were boosted by income from other sources which grew significantly by 571%.
Beta Glass Plc grew revenue by 18% in the financial year 2014 from NGN 14.096 billion in 2013 to NGN 16.630 billion in 2014. While direct cost increased by 12%, operating expenses jumped by 23% from NGN 1.463 billion. Profits for the year were however boosted by income from other sources which grew significantly by 571% from NGN 42.631 million in 2013 to NGN 285.843 million in 2014.
Finance charges increased by 63% from NGN 247.3 million in 2013 to NGN 402.32 million in the year under review. Beta Glass bottom line is green with a 62% increase in after-tax profit from NGN 1.473 billion in 2013 to NGN 2.390 billion in the year under review.
Shareholders await the company’s corporate action given the impressive outing in 2014.