Aso Savings & Loans Reports Q2, 2011 Earnings
Mortgage lender, Aso Savings and Loans reported its earnings on the floor of the Nigerian Stock Exchange yesterday.
Headline revenue took a hit, shedding 12% to arrive at N 4.87 Billion, from N 5.5 Billion over the same period last year.
The company reported a loss before tax of N 243 Million, down 161% from the profit before tax of N 394 Million the company posted over the same period last year.
Profit after tax fell by a whopping 338% as the company reported a net loss of N 243 Million, down from N 101 Million over the same period last year.
The company’s stock is trading at N 0.50, its nominal value.
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