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%.