Tantalizers 2013 9 Months Results Snapshot ↓
Quick Service Restaurant, Tantalizers Plc released its 2013 9 months result showing a drop in revenues from N3.1billion a year earlier to N2.6billion this year. Cost of sale did drop 20% but was not enough to help the company beats the prior year’s Gross Profit. Operating loss also ballooned to 61% to a loss of N453million as expenses remained astronomically high despite lower revenue growth. Pre-tax losses at the end of the period was N453million compared to a loss of N204million a year earlier.
A quarterly insight also reveals a a trend in stunted growth in revenues quarter after quarter this year. They also posted Loss before tax for the three quarters this year with profitability margins shrinking all the way.
This is certainly not a good time to be a shareholder of this company Tantalizers released its 2013 9 Months results in the website of the NSE