Thomas Wyatt Nigeria Plc has released its audited final statement for the year ended march 31, 2023 to the Nigeria Exchange Group.
As gathered by the Nigerian Observer, the company had an increase of 22 percent in its revenue of N87.1 million for the year ended March 31, 2023 as against the N71.3 million they made in 2022.
However, their profit before tax declined by 53 percent to N43.56 million in 2023 compared to N92.54 million in similar period in 2022.
The profit after tax (PAT) refers to the profit amount the company retains after meeting all its operational and non-operational expenses, liabilities, and taxes.
Profit after tax declined by 47 percent to N43.12 million in 2023 compared to N82.04 million in the previous year.
Consequently, it leaves its assets at N1.03 billion in 2023, amounting to a decline of 11 percent when compared to the N1.15 billion in similar period in the previous year.
Thomas Wyatt which was founded in 1948 is a design and printing company in Nigeria offering services for graphic design, color separation, general printing, paper converting and publishing.