WorldStage Newsonline– Arbico Plc which is into construction and civil engineering as well as investment in and operation of infrastructure has released its unaudited financial statement for period ended 31st December, 2020 with revenue for the Q4 2020 dropping to N1.642 billion from N 2.002 billion in Q4 2019
Revenue for the full year 2020 also declined to N5.558 billion from N6.080 billion in 2019.
While the company profit crashed by 97.03% in Q4 2020 to N48.359 million from N1.627 billion in Q4 2019, it slipped into loss of N492.843 million in the full year from a profit of NN527.621 million in 2019.
Arbico Plc was incorporated on 18 June 1958 in Nigeria and it’s shares were quoted on the Stock Exchange on November 30, 1978.
