John Holt sinks deeper into losses

Nigerian Enamelware

Diversified power and trading conglomerate, John Holt Plc said it recorded a net loss before tax of N140 million for the first quarter ended December 2016.

The company’s fortune dwindled further when compared to N46 million pre-tax profit for the same period in the year before.

Total revenue for John Holt fell to N354 million compared to N494 in the previous year.

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