FTN Cocoa declares N848m loss in Q3 2021

FTN Cocoa Processors Plc on Monday published its third quarter report for the period ended 30 September, 2021.

A turnover of N278.18 million was reported for the nine months period, up by 22.41% from N227.26 million reported in Q3 2020.

The Company declared a loss after tax of N848.119 million as againt the loss after tax of NN351.719 million reported the previous year.

Earnings per share declined further to –39 kobo from the EPS of -16 kobo declared in Q3 2021.

At the share price of 44 kobo, the P.E ratio of FTN Cocoa stands at -1.14x with earnings yield of -87.62%.

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