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Corporate earnings report: Chellarams declares 945.2m loss in Q3’14

Corporate earnings report: Chellarams declares 945.2m loss in Q3’14

Chellarams plc reported a loss before tax (LBT) of N945.2million in the third-quarter (Q3) period ended December 31, 2014.

This implies 941% drop against a profit of N106.717million it reported in the corresponding third-quarter period of 2013.

The company’s result released at the Nigerian Stock Exchange (NSE) shows that its revenue dropped by 1.3% from N19.957bn in Q3’13 to N19.697billion.

Its Net Asset dropped by 24.5%, from a Q3’13 high of N4.32bn to N3.26bn in Q3’14.

Dangote Flour reports N2.98bn Q1’14 loss

The first-quarter (Q1) report for the period ended December 31, 2014 shows Dangote Flour Mills plc recorded a loss before tax (LBT) of N2.98bn against N2.875bn in the corresponding Q1 period of 2013, indicating a 3.9% rise in LBT.

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Its Loss After Tax stood at N2.920bn, against N2.806bn in Q1’13, down by 4.1%. The company’s revenue in the review period rose by 27.5% to N10.665bn, from N8.364bn in corresponding period of 2013.

Basic and diluted earnings per share are also in negative of 57.57kobo against 58.93kobo in the corresponding period, down by 4.1%.

Redstar Express records N309.1m Q3’14 profit

The unaudited Q3’2014 financial highlights of Redstar Express plc as at December 31, 2014 shows that the company’s profit before tax rose to N441.557million against N441.027million in the corresponding Q3 period of 2013. Also, profit after tax was high at N309.09million from N308.719million in Q3’2013. The company reported turnover increase to N5bn from N4.716bn in corresponding period of 2013.

Redstar Express plc basic earnings per share stood at 52kobo, same as in Q3’2013.