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

Meta To Pay Content Creators For In-Stream Ads, Facebook Reels Ads Across Nigeria, Ghana

Meta has announced the availability of two new monetization features for eligible creators in Ghana…

5 days ago

PZ Cussons Losses N96.4bn To Negative Equity In The Fiscal Year

PZ Cussons Nigeria, a consumer goods company, reported a substantial net loss of N96.4 billion…

5 days ago

Stanbic IBTC To Host Bloom Weekend

Stanbic IBTC Holdings has announced the date for its annual women’s event tagged ‘Bloom Weekend’,…

5 days ago

Stanbic IBTC Bank Nigeria PMI®: New Order Growth At Seven-month Low In June

Stanbic IBTC Bank Nigeria PMI® - June data signalled a broad stagnation of the Nigerian…

5 days ago

Stanbic IBTC Bank Hosts Home Ownership Summit

Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings and a foremost financial institution in…

5 days ago

The Problem With The EFCC

The problem with the EFCC  - In every government or institution, there is a corresponding…

1 week ago

This website uses cookies.