Notore Media Centre
Unaudited Results for the 4th Quarter Ended September 30, 2021
Lagos, 31st October 2021 – Notore Chemical Industries Plc reports group results for fourth quarter ended 30th September 2021.
Group Financial Highlights
During the fourth quarter ended 30th September 2021 (Q4 2021 FY), the group recorded revenues of ₦17.47 billion (₦18.79 billion for Q4 2020 FY) representing 85% growth over the last three quarters because of the post-TAM stabilisation and optimization, resulting in an operating loss of ₦3.49 billion for the quarter (Q4 2020 FY operating profit was ₦9.48 billion). Year-To-Date Loss before tax stood at ₦20.19billion (Q4 2020 FY was a Net Loss of ₦13.92 billion) due to finance cost of ₦16.69 billion.
Notore Chemical Industries Plc Unaudited Results for the 3rd Quarter Ended June 30, 2021
Lagos, 31st July 2021 – Notore announce post-TAM group revenue of N9.43 billion for third quarter ended 30th June 2021.
Group Financial Highlights
During the third quarter ended 30th June 2021 (Q3 2021 FY), Notore recorded group revenues of ₦9.43 billion (₦17.42 billion for Q3 2020 FY) due largely to the Turnaround Maintenance Programme (TAM) on the fertilizer plant, the closure of which extended into the quarter. This was worsened by the delays experienced in the post-TAM operations recommencement activities. Consequently, resulting in an operating loss of ₦3.30 billion in Q3 2021 FY (Q3 2020 FY operating profit was ₦3.87 billion), which was further depressed by finance cost of ₦12.54 billion, resulting in a Net Loss of ₦15.84 billion for the period (Q3 2020 FY was a Net Loss of ₦8.09 billion).
NOTICE OF ANNUAL GENERAL MEETING
NOTICE IS HEREBY GIVEN that the Seventh Annual General Meeting of Notore Chemical Industries Plc. (the “Company”), will hold at the Oduduwa Hall, Southern Sun Hotel, 47, Alfred Rewane Road (formerly Kingsway Road), Ikoyi, Lagos State, on Friday, 25th June, 2021 at 11.00am prompt, to transact the following business:
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About Notore
Notore is a vertically integrated agro-allied and chemicals business situated in Onne (near Port Harcourt), Rivers State in South-South Nigeria and is engaged primarily in the production and sale of fertiliser products. The Group’s current business comprises fertiliser production, supply and trading of fertiliser, and power.