Q1, 2012 Earnings: RT Briscoe Revenue in at N 5.46 billion (+19%)
RT Briscoe, the largest distributor of Toyota and Ford vehicles in sub-Saharan Africa has transmitted its Q1 2012 Earnings to the Nigerian Stock Exchange.
The company reported sales of N 5.46 billion, up 19% from N 4.6 billion recorded in Q1, 2011.
Increased costs across board affected the profit margin leading to marginal increase in profit.
Profit before tax came in at N 99.9 million, up 10% from N 91 million recorded in Q1, 2011.
Net income came in at N67.9 million, up 10% from N 61.9 million over the similar period last year.
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