Business
Austin Laz mpany : AND COMPANY PLC- QUARTER 2 - FINANCIAL STATEMENT FOR 2025
Austin Laz mpany : AND COMPANY PLC- QUARTER 2 - FINANCIAL STATEMENT FOR
About this update from Austin Laz & Co. Plc
[{"type":"text","content":"\n \n AUSTIN LAZ & CO. PLC\n \n \n \n INTERIM FINANCIAL STATEMENTS\n \n \n \n FOR THE SECOND QUARTER ENDED JUNE 30, 2025\n \n \n \n 1\n \n \n AUSTIN LAZ & COMPANY PLC\n \n \n INTERIM FINANCIAL STATEMENTS FOR THE\n \n \n SECOND QUARTER ENDED 30TH JUNE, 2025\n \n \n SUMMARY\n \n \n Austin Laz & Company Plc is in its effort to retool its operations and hereby presents its Statement of\n \n \n Affairs for the quarter ended June 30 2025\n \n \n \n Jan - Jun\n \n \n 2025\n \n \n \n Jan - Jun\n \n \n 2024\n \n \n \n Audited 31/12/2024\n \n \n RESULT\n \n \n N'000\n \n \n N'000\n \n \n N'000\n \n \n Turnover\n \n \n -\n \n \n 872,905\n \n \n 1,316,125\n \n \n Profit before tax\n \n \n (8,989)\n \n \n (86)\n \n \n 5,803\n \n \n Taxation Provision\n \n \n -\n \n \n -\n \n \n (1,571)\n \n \n Profit/(loss) after tax\n \n \n (8,989)\n \n \n (86)\n \n \n 4,232\n \n \n By order of the Board\n \n \n \n Barr Offor Ifeanyi\n \n \n FRC/2016/NBA/0000001416\n \n \n Company Secretary\n \n \n Benin City\n \n \n 14 July, 2025\n \n \n \n 2\n \n \n AUSTIN LAZ & COMPANY PLC\n \n \n INTERIM FINANCIAL STATEMENTS FOR THE\n \n \n SECOND QUARTER ENDED 30TH JUNE, 2025\n \n \n CONTENT\n \n \n PAGE\n \n \n STATEMENT OF FINANCIAL POSITION\n \n \n 4\n \n \n STATEMENT OF COMPREHENSIVE INCOME\n \n \n 5\n \n \n NOTES TO THE STATEMENT\n \n \n 6 - 8\n \n \n INTERIM FINANCIAL REPORT FOR THE PERIOD\n \n \n 9 - 10\n \n \n \n 3\n \n \n AUSTIN LAZ & COMPANY PLC\n \n \n INTERIM FINANCIAL STATEMENTS FOR THE\n \n \n SECOND QUARTER ENDED 30TH JUNE, 2025\n \n \n STATEMENT OF FINANCIAL POSITION AS AT JUNE 30, 2025\n \n \n NOTE\n \n \n Jan - Jun\n \n \n Jan - Jun\n \n \n Audited\n \n \n 2025\n \n \n 2024\n \n \n 12/31/2024\n \n \n ASSETS\n \n \n N'000\n \n \n N'000\n \n \n N'000\n \n \n Non Current Assets\n \n \n Property, Plant & Equipment\n \n \n 1,232,931\n \n \n 1,311,039\n \n \n 1,239,396\n \n \n Intangibles\n \n \n 1\n \n \n 136,652\n \n \n 151,835\n \n \n 136,652\n \n \n 1,369,583\n \n \n 1,462,874\n \n \n 1,376,048\n \n \n CURRENT ASSETS\n \n \n Inventories\n \n \n 3\n \n \n 29,074\n \n \n 27,300\n \n \n 29,074\n \n \n Trade receivables\n \n \n 2\n \n \n 18,575\n \n \n 17,511\n \n \n 18,575\n \n \n Cash and Cash Equivalent\n \n \n 4\n \n \n 1,371\n \n \n 5,839\n \n \n 3,895\n \n \n 49,020\n \n \n 50,650\n \n \n 51,544\n \n \n Total Assets\n \n \n 1,4...