WorldStage Newsonline– Academy Press Plc, a quoted company which carries on its business, as printers of educational and general books, and commercial printing of diaries, labels, calendars, periodicals, annual reports, confidential and other printing and the subsidiaries are involved in security printing, flexibility printing and light packaging has released its audited financial statements for the year ended 31 March 2020 with 0.28% rise in revenue at N2.440 billion from N2.433 billion in 2019.
In the report http://www.nse.com.ng/Financial_NewsDocs/31309_ACADEMY_PRESS_PLC.-_QUARTER_5_-_FINANCIAL_STATEMENT_FO.pdf published on the Nigerian Stock Exchange on Friday, despite the slight increase in revenue, the company recorded a loss after taxation of N47.945 million from a profit of N34.693 million in 2019.
Meanwhile, the directors have decided not to recommend dividend for the year ended 31 March 2020 as against N30.240 million in 2019.
