Lagos, 31 December 2020 – Presented below are the highlights of the Audited Financial Statement of Notore Chemical Industries Plc (“Notore”) for the Twelve-Month Period Ended 30th September 2020.
Notore recorded revenues of ₦18.80 billion for the twelve-month period ended 30th September 2020 (30 September 2019: ₦21.42 billion), a 12% decline in revenue due largely to an increased plant downtime caused by equipment maintenance during the period under review. This was also exacerbated by the outbreak of the COVID-19 pandemic, which has caused supply chain and logistics disruptions for our company, particularly with respect to acquisition of new equipment spares. The travel restrictions put in place by governments globally also further constrained our sourcing of technical resources and engineering support services, which resulted in prolonged Plant downtimes with consequential negative impact on production volumes and sales.
Lagos, 20th November 2020 — Presented below are the highlights of the Unaudited Financial Statement of Notore Chemical Industries Plc (“Notore”) for the Twelve-Month Period Ended 30th September 2020.
The Members of Notore Chemical Industries Plc. at its 6th Annual General Meeting (“AGM”) held by Proxy on Monday, 17th August, 2020 at 11:00am at 6th Floor, Keystone Bank Building, 1, Keystone Bank Crescent, off Adeyemo Alakija Street, Victoria Island, Lagos, proposed and unanimously adopted the following resolutions: