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Notore records revenue growth on plant maintenance

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Notore Chemical Industries Plc posted N26.28bn half-year revenue as against N9.43bn reported in the first nine months of 2021.

It also posted a profit before tax of N2.6bn in H1 2022, from N15.85bn loss reported in the first nine months of 2021.

Nigeria’s fertilizer-producing company performance in the period under review showed an impressive performance with its 500,000 metric tonne urea plant and a 600,000 metric tonne of NPK blending plant in Onne, Rivers State, Nigeria.

Over the last five years, it had wallowed in debts and suffered severe revenue declines as it was unable to produce at full capacity.

 

 

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