Caverton reports N566m as profit in Q1 2023


May 18, 2023.

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Azonuchechi Chukwu.

Caverton Offshore Support Group Plc on Wednesday published its First Quarter report for the period ended 31 March 2023.

The Group reported a turnover of N5.18 billion for the 3 months period, down by 35.05% from N7.98 billion reported the previous year.

Profit after tax of N566 million was achieved by the Group, down by 4.92% from N595.36 million reported in Q1 2022.

Earnings per share of Caverton stands at 17 kobo.

At the share price of N1, the P/E ratio of Caverton Offshore Support Group stands at 5.92x with Earnings Yield of 16.89%.(

Azonuchechi Chukwu
Azonuchechi Chukwu
Ms Azonuchechi Chukwu has a BSC holder in mass communication Ebonyi State University

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