NASCON Allied Industries Plc (NASCON) reported a 18.81%YoY topline expansion in its 2021FY
financial period. The firm’s topline increased to NGN33.28bn (vs. NGN28.01bn in 2020FY).
Despite the stiff competition prevalent in the region, the Western region continues to deliver
solid double-digit growth increasing by 34.48%YoY to NGN9.69bn in 2021FY (from NGN7.21bn
in 2020FY). Revenue from the Eastern region and Northern region (which constitutes c.63% of
revenue) also expanded 34.82% and 11.13%, respectively.
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