WorldStage Newsonline– Chellarams Plc, a leading Nigerian conglomerate with interests in manufacturing, retail, distribution, marketing and power generation has released its first quarter reports and consolidated and separate financial statements 30 June 2020 with sharp drop in group revenue to N542.917 million from N2.317 billion in same period in 2019.
The result released at the Nigerian Stock Exchange showed that loss after tax worsened to N433.315 million from N406.785 loss in 2019.
WorldStage earlier reported the company’s financial statements for the year ended 31 March 2020 with 129% increase in loss at N4.205 billion from N1.837 billion loss in 2019.
