Tripple Gee & Company Grows Profit by 129%

Tripple Gee & Company Plc, a manufacturer of financial instruments, secure and commercial documents, labels and flexible packaging materials, overcame the Covid-19 induced challenges and posted a growth of 129 per cent in profit after tax for the year ended March 31, 2021.

Details of the audited results showed that Tripple Gee posted gross earnings of N2 billion, indicating an increase of 32 per cent compared with N1.321 billion in 2020.

Gross profit stood at N419.938 million 2021, as against N318.665 million, while profit before tax printed at N128.646 million, showing a jump of 133 per cent from N55.198 million last year. Tripple Gee’s profit after tax (PAT) grew faster by 129 per cent from N37.535 million to N85.880 million in 2021. The board has recommended a dividend of seven kobo per share, up from five kobo last year.

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