Notore posts weaker profit after listing

Notore posts weaker profit after listing

Nigeria’s Notore Chemicals Plc said it recorded a weaker profit for the second quarter of the year.

Net profit for the period ended June 30, 2018 fell to N519 million compared to N1.2 billion reported in the same period last year.

It would be recalled that Notore listed its shares on the Nigerian Stock Exchange making it a publicly-traded company earlier last week.

Notore said its revenue for the period fell to N5,4 billion vsersus N10,7 billion recorded in the previous year.