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Home Business News

Notore Chemical Industries Plc releases FY 2018 results

Onome OhwovoriolebyOnome Ohwovoriole
4 years ago
in Business News, Company News
Nigerian Equity Market

L – R Mr. Haruna Jalo-Waziri, Managing Director/CEO, Central Securities Clearing System (CSCS) Plc; Mr. Oscar N. Onyema OON, Chief Executive Officer, The Nigerian Stock Exchange (NSE); General (Dr.) Yakubu Gowon GCFR (rtd), Chairman, Notore Chemical Industries Plc; Mr. Onajite Paul Okoloko, Group Managing Director/GCEO, Notore Chemical Industries Plc and Mr. Femi Agbaje, Group Chief Finance Officer (GCFO), Notore Chemical Industries Plc during the Facts Behind the Listing of Notore Chemical Industries Plc

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Notore Chemical Industries Plc has released its results for the financial year ended September 30, 2018.

Here are highlights of the results

Revenue

Revenue dropped from N35.6 billion in 2017 to N26.8 billion in 2018. This amounts to a 24.7% decline year on year.

Profit/Loss before tax

The firm made a loss before tax of N3.6 billion in 2018.

Profit/Loss after tax

Loss after tax also stood at N2 billion as against a profit after tax of N8.6 billion recorded in 2017.

Current Share Price

Notore is currently trading at N62.50 in today’s trading session on the Nigerian Stock Exchange.

DOWNLOAD NOTORE CHEMICAL INDUSTRIES PLC FY 2018 RESULTS

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