Notore Chemical extends loss to N13.37b in 2020

WorldStage Newsonline– Notore Chemical Industries Plc which manufactures and deals in nitrogenous fertilizers and all substances suited to improving the fertility of soil and water has released its unaudited interim financial statements for the twelve months period ended 30 September 2020 with loss for the third quarter (Q3) period expanded to N5.273 billion from N3.147 billion in 2019.

Revenue for the  subsidiary of Notore Chemical Industries (Mauritius) Limited also shrunk in Q3 to N1.375 billion from N4.925 billion in 2019.

For the full year, revenue dropped to N18.799 billion from N21.419 billion in 2019.

Loss for the full period grew to N13.371 billion from N5.751 billion in 2019.

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