National Salt Company Nigeria Plc 2024 Interim Results For The First Quarter

National Salt Company Nigeria Plc (NASCON.ng) Q12024 Interim Report

By Published On: April 30, 2024TYPE: Interim ReportsYear: 2024Period: Q1Country: NigeriaSector: Food

National Salt Company Nigeria Plc (NASCON.ng) listed on the Nigerian Stock Exchange under the Food sector has released its 2024 interim results for the first quarter.

For more information about National Salt Company Nigeria Plc (NASCON.ng) reports, abridged reports, interim earnings results and earnings presentations visit the National Salt Company Nigeria Plc (NASCON.ng) company page on AfricanFinancials.

Indicative Share Trading Liquidity

The total indicative share trading liquidity for National Salt Company Nigeria Plc (NASCON.ng) in the past 12 months, as of 1st April 2024, is US$33.33M (NGN30.67B). An average of US$2.78M (NGN2.56B) per month.

National Salt Company Nigeria Plc 2024 interim results for the first quarter

Company Profile

Nascon Allied Industries Plc, incorporated and domiciled in Nigeria, specialises in processing raw salt into refined, edible, and grade salt, alongside producing seasoning cubes. A subsidiary of Dangote Industries Limited, which owns 62.19% of its shares, Nascon maintains a pivotal role in Nigeria’s food processing sector. For the year ending December 31, 2023, it marked a significant profit after taxation of N13.73 billion, a notable increase from N5.47 billion in 2022. The company’s dedication to quality and consumer satisfaction is evident through its distribution network across the country, ensuring its products, including Dangote Refined Salt and Dangote Classic Seasoning, are readily available. Nascon Allied Industries Plc is a testament to sustainable business practices and financial growth within Nigeria’s competitive food industry landscape.