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.
In furtherance of its drive to provide potable water and improve livelihoods in several rural communities across Nigeria, Notore Chemical Industries Plc has donated a 40,000 litre solar-powered integrated water project to Kangare Community in Bauchi Local Government, Bauchi State.