NASCON Allied Industries’ profit jumps 45.41%

NASCON Allied Industries Plc has reported a profit after tax of N2.69 billion for the 2020 financial year, up 45.41 percent from N1.85 billion in 2019.

Its profit before tax to N3.91 billion last year from N2.77 billion in 2019, according to its financial statements obtained by Markets Reporters.

The company’s revenue grew to N28.01 billion from N27.49 billion.

NASCON, which is involved in salt refining and distribution, is a subsidiary of Dangote Industries Limited.