Notore Chemical declares N6.4bn loss in FY’20

The Audited Financial Statement of Notore Chemical Industries Plc for the year ended 31 December 2020 showed decline in the company’s top line and bottom line figures, year on year.

A turnover of N18.799 billion was reported for the 12 month period, down by 12.23% from N21.419 billion reported in 2019.

The Group declared a loss of N6.397 billion for 2020 financial year as against N5.75 billion loss declared in 2019.

Earnings per share for the period under review decreased to -N 3.97 from the EPS of -N3.57 reported the previous year.

At the share price of N62.5, the P.E ratio of Notore Chemical Industries stands at -15.75x with earnings yield of -6.35%.

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