Beta Glass Courts Investors’ Attention with Sky High Q1 EPS
Frigoglass-backed company Beta Glass Plc. has continued to blaze through strings of 52-week highs at the Nigerian stock market after a solid performance in the first quarter of 2025.
The glass producer grew earnings per share (EPS) by 594% year-on-year in the first quarter of 2025 to N16.66 from N2.40 in the comparable period in 2024. Its bottom line strengthened as the company’s net sales increased by 69% year-on-year to N41.164 billion in Q1-2025 from N24.309 billion in Q1-2024.
According to trading data on the Nigerian Exchange platform, Beta Glass Plc. market value increased further as the company’s stock blazed through strings of 52-week highs in the equities segment of the Nigerian Exchange.
The company share price persistently breached A sequence of resistance due to surging demand from shareholders and investors, now priced at N235.05 in the stock market.
The glass producing company’s share price rose on Friday as investors traded 933,643 units valued at more than N293 million. The trade actions that lasted for 4 days pushed Beta Glass to an all-time high of ₦235.05 after a string of 52-week highs, stockbrokers said.
At the close of the trading sessions, the company’s 599,966,400 shares outstanding was valued at N141.022 billion, according to data obtained from the Nigerian bourse. The company reported 69% year-on year revenue growth and 594% increase in net income in the first quarter of 2025.
“This outstanding performance is a testament to the company’s resilience and strategic focus amidst evolving market conditions”, the management said in its unaudited financial statement for the period.
In a statement, Alexander Gendis, CEO of Beta Glass Plc, said, “The strong performance was driven by robust domestic demand, effective cost management, and operational efficiency. 353% gross profit growth and 597% increase in operating profit reflect the disciplined execution of the Company’s growth strategies.
“We are proud of our Q1 performance, which reflects the strength of our customer relationships, operational excellence, and strategic investments in capacity and innovation. Our teams have worked tirelessly to deliver positive results amidst evolving market dynamics.
“Our new internal initiative brings our strategic vision to life, creates value, drives meaningful changes across our Organisation, and positively impacts our business.
“I would like to extend my gratitude to our dedicated team, customers, and stakeholders for their continued support to Beta Glass Plc despite the macroeconomic headwinds being experienced in the country.”
MarketForces Africa reported that Beta Glass Plc., a member of the Frigoglass Group and the leading manufacturer of glass packaging for the beverage, pharmaceutical, food, and cosmetics industries in West and Central Africa. #Beta Glass Courts Investors’ Attention after Sky High Q1 Earnings
