Courtville Business Solutions Grows Profit by 60% in Nine Months

MARKET NEWS

Courtville Business Solutions Plc, an information technology communications (ICT) company has recorded a growth of 60 per cent in profit after tax (PAT) for the nine months ended September 30, 2017.

According to the results to the Nigerian Stock Exchange (NSE), Courtville posted  revenue of N1.0billion for the nine months in 2017, up from N945 million in the corresponding   of  2016. Cost of sale rose  from N548 million as againstN547.4 million, bringing the gross profit to N457.676 million compared with N397.9million in 2016.

Other income improved from N72.813 million to N224.8 million, while operating income rose from N341.833 million in 2016 to N361.452 million in 2017. Profit before tax grew by 98 per cent to N62.1 million, from N31.485 million, just as profit after tax rose from N27.1 million to N43.239 million in 2017.

Courteville provides and delivers  innovative e-business solutions in the design and development of customised software and mobile applications, through data capture services, retail business channel delivery services, and dedicated & cloud hosting services as well as tax administration consultancy services.

The  ISO 9001:2008 certified company is focused on process re-engineering in both the private and public sector by providing cutting edge solutions to complex operational challenges, through the development and delivery of unique business solution models, revenue stream improvement and cost management processes. Group Managing Director/CEO of the company, Bola Akindele said: “Courteville’s unique selling proposition is that we apply local ideas using local talents to handle local challenges.”

According to him,  the company has  over  5, 000 processing points across Nigeria, with its flagship solution is the AutoReg ™, a business solution tool, through which it has created the largest data capture and process platform in sub-Sahara Africa.
“AutoReg is the Automated Vehicle License Registration and Renewal System, and a business solution that has been launched successfully in many states across Nigeria.
The company is also involved in other e-commerce business solutions that include AutoRegLive Webpeople, Egole Shopping Cart, Mobile Application for Reading Materials, SMS Marketing, Students’ Parent-School Education Administration and Monitoring System (P-SEAMS) amongst others,” he said.

He said Courteville remains the preferred partner for governments, government agencies and companies seeking business process re-engineering, empirical statistical information and market penetration.

“We are a 20 million dollar company that has 1, 200 shareholders with an exemplary performance record. We have been profitable every year since 2008 and we have paid dividend to our shareholders for over the  years,” Akindele.