Notore Chemical Industries Plc has recorded N9.3 billion operating profit for the fourth quarter of the twelve-month period ended 30th September 2020, which was a 172 percent increase from the previous year.
In a statement signed by the Group Managing Director/Chief Executive Officer (CEO), Mr. Onajite Okoloko, the company said the increase was mainly attributable to surpluses from the professional revaluation of its assets. It recorded revenues of N18.80 billion.
The company said despite the harsh economic situation – largely due to the COVID-19 global pandemic – and the political climate in Nigeria, Notore achieved several important milestones to position the company for a great future.
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