Business & Economy

Juli PLC Releases 5 Years Audited Results; Declares ₦1.569m Loss In 2019

Juli Plc has recorded improvement in its performance reducing its loss to N1.569 million for the year ended December 31, 2019, from N5.910 million in 2018.

The pharmaceutical company disclosed that in its 2015, 2016, 2017, 2018, and 2019 Audited Results the company has declared ₦1.569m loss in 2019.

Brandnewsday understands that Juli Plc markets a range of pharmaceutical products to the wholesale and retail sectors in Nigeria. The company also owns and operates its own supermarkets and trading stores. Juli Pharmacy Plc originally marketed international pharmaceutical brands but diversified its positioning to produce its own brands of products. The company’s head office is in Lagos, Nigeria.

Advertisement

The audited results showed a turnover of N349.308 million in 2019, compared with N474.832 million in 2018. However, cost-cutting strategies assisted to reduce its loss to N1.569 million.

Key Highlights

  • Revenue declined by -26% to N349m from N475m in the previous quarter.
  • Profit before tax stood at N0.2m.
  • Loss after tax stood at N2m.
  • Net Assets also stood at N12m.

 

Facebook Comments
Advertisement
Brand News Day

Recent Posts

Stanbic IBTC Bank Nigeria PMI: New Order Growth Sustained In March, But Higher Fuel Costs Lead To Surge In Prices

Stanbic IBTC Bank Nigeria PMI - Growth slowed in the Nigerian private sector at the…

3 weeks ago

LIRS Extends Deadline For Filing Individual Annual Returns To April 14, 2026

The Lagos State Internal Revenue Service (LIRS) has extended the deadline for filing individual annual…

3 weeks ago

Stanbic IBTC Hosts Maiden Nigeria Business Summit Aims To Drive Sustainable Growth Across Key Sectors

Stanbic IBTC, a leading financial services provider in Nigeria, successfully hosted the 2026 edition of…

3 weeks ago

WARC Global Advertising Trends: FIFA World Cup 2026 Predicted To Drive $10.5 Billion Surge In Ad Spend

The FIFA World Cup 2026 will be the biggest in the tournament’s history, hosted across…

1 month ago

Stanbic IBTC Economic Summit Delivers Strategic Framework For Navigating Nigeria’s 2026 Investment Landscape

Institutional investors, corporate leaders and economic experts gained practical insights into portfolio positioning at the…

2 months ago

BREAKING: President Tinubu Nominates Taiwo Oyedele As Minister Of State For Finance

President Tinubu has nominated the Presidential Committee on Fiscal Policy and Tax Reforms chairman, Mr…

2 months ago

This website uses cookies.