R.T BRISCOE Gains 61% after Significant Earnings Growth
Automobile and auto part retailer, R. T Briscoe Plc’s share price increased by about 61% over five trading sessions in the Nigerian stock market as investors chased cheaper companies.
Trading at its 52-week high, the company’s share price climbed to N12.63 in the market, up from N7.86 at the beginning of the week, driven by increased market activity.
The company’s market value surged to N14.857 billion on the Nigerian Exchange (NGX) as investors accelerated bargain hunting after the 2025 earnings release.
Investors targeted R.T Briscoe’s improved metrics as earnings per share adjusted upward by 256% year on year to 245.47 kobo from 69 kobo in the comparable period.
R.T Briscoe grew profit after tax by 257% year on year to N2.887 billion, according to data obtained from its audited financial statement released in January. The company’s revenue increased by 41% year on year to N40.414 billion. U.S. Dollar Index Stalls after Gains Against G10
