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Pharma Deko Plc records 1.16% increase in 2020 9M revenues

Pharma Deko Plc recorded a boost in one of its revenue-generating units, as total revenues increased.

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Pharma Deko Plc, Pharma Deko Plc records 1.16% increase in 2020 9M revenues

Pharma Deko Plc – a pharmaceutical and consumer products company, reported revenues of N335.11 million in 2020 9M compared to N331.27 million in the same period in 2019 – 1.16% increase.

READ: Trans-Nationwide Express Plc suffers N79 million loss in Q3 2020

Key highlights for 2020 9M (ended September)

  • Revenues increased to N335.11 million, +1.16% YoY.
  • Revenues from pharma increased to N122.29 million, +226.61% YoY.
  • Revenues from consumer declined to N212.82 million, -27.57% YoY.
  • Other operating income declined to N36 thousand, -99.96% YoY.
  • Selling and distribution cost declined to N42.46 million, -48.29% YoY.
  • Administrative expenses declined to N223 million, -41.14% YoY.
  • Pre-tax loss decreased to N161.29 million, -38.88% YoY.
  • Loss Per Share decreased to 74 kobo, -39.34% YoY.

READ: International Breweries Plc records 1.53% decline in YOY revenues

Bottom Line

Pharma Deko Plc recorded a boost in one of its revenue-generating units, as total revenues increased. Revenues from its pharmaceutical’s revenue-generating unit increased, due to COVID-19.

READ: Arbico Plc records N430.15million loss in nine months 

Pharma Deko Plc’s losses also decreased in the period under consideration, partly aided by declined Administrative expenses and Selling and distribution expenses.

Adeyemi holds a PhD in Accounting Sciences. He has worked in the Educational Sector and as an Independent Consultant.

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