Notore Chemical Industries cuts loss to N2.79bn in Q1

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By Kayode Tokede

Notore Chemical Industries Plc, the first indigenous Urea Fertiliser producer in Sub-Saharan Africa, including South Africa has released its unaudited interim financial statements for the six months period ended March 31 2021 with 70.92per cent drop in revenue from contracts with customers to N1.436billion from N4.938 billion in Q1 2020.

However, the company was able to cut loss for the period to N2.79 billion from N4.38 billion in Q1 2020.