Chellarams Plc published its Q2 2019 results which showed that the company lost significantly N1.6billion in Turnover within the period ended June 30th, 2019. This represents a 71.35% decline away from the previously reported N2.3billion of same period 2018 to stand at N663.9 million in the period under review.
Profit however improved by about 29% settling at a deficit of N288 million from a deficit of N406 million recorded same period of 2018.
The shareholders earnings of N0.65 deficit recorded in the previous period grew also by 29.12% to arrive at a deficit of N0.40 in the present review period of 2019.