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.

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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.

 

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