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Published On: Mon, Nov 17th, 2014

Tripple Gee posts N320m turnover

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Tripple Gee & Company Plc. financial performance showed in turnover worth N320 million for the period ended 30th September, 2014, indicating decrease over N417.3 million recorded in the comparable period of 2013.

Profit after tax however increased by N4.3 million compared to N3 million recorded in the same period of 2013.

The unaudited statement of comprehensive income of Tripple Gee & Company plc for the first quarter-ended June 30, 2014 as well indicated a turnover decline to N153.741 million against the corresponding period in 2013, when it stood at N187.233 million.

The company reported decline in profit after taxation to N1.398 million, a huge decline from N6.185 million in the corresponding period of 2013.

Tripple Gee & Company Plc is a manufacturer of security documents, financial instruments and computer stationery. Incorporated in April 1980 and listed on the Nigerian Stock Exchange in 1991 is the largest and preferred security printer in Nigeria and West Africa. The Company has witnessed a progressive growth in its production capability and turnover over the years.

The company’s vision to manufacture and sell Quality Paper and Paper Related Products of the highest international standard is being achieved via the promotion of a healthy and well-motivated work force, satisfied customers and strong financial control that will guarantee good returns on shareholders’ investments.

 

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