Nigeria’s Aluminium Extrusion Plc posts N2.64 billion turnover for 2022
On March 23, 2023, the leading manufacturing company in Nigeria producing and marketing extruded aluminium products, Aluminium Extrusion Plc, revealed its Audited Financial Statement for the year ended December 31, 2022.
Aluminium Extrusion Industries Plc (NIGALEX) reported a 12-month turnover of N2.637 billion, a slight increase of 0.07% over the N2.635 billion reported in 2021.
NIGALEX has a 5000-tonne annual capacity for aluminium extrusion products and manufactures profiles in press finish, wood finish, silver and bronze colour palettes, and modern powder-coated forms.
The Company, which is located in the largest economy in the African continent, reported a PAT of N48.529 million for the period under review, down by 27.5 per cent from N66.941 million in the existing year.
The company has operations in Aba and Abuja to serve the eastern and northern regions of Nigeria, while the head office is in Imo State, Nigeria.
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