Chams records pretax loss of N108m in Q3 2020

WorldStage Newsonline– Chams Plc has released its unaudited interim financial statements for the nine month ended 30 September 2020 with 63.8% fall in revenue in the third quarter to N306.767 million from N847.429 million in 2019 while revenue for the nine months dropped to N1.196 billion from N2.804 billion in 2019

The result released at the Nigerian Stock Exchange showed that the company recorded a loss before taxation of N108.327 million in Q3 2020 from a profit before tax (PBT) of N47.406 million in 2019 while loss for nine months stood at N125.514 million from a PBT of N300.608 in 2019.

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