The performance of Chemical and Allied Products Plc. (CAP) in the second quarter expectedly showed the effect of the shutdown of economic activities in major States of the Federation to stem the spread of the Coronavirus. Hence, revenue for the quarter dropped significantly by 35.10% to NGN1.18bn (vs. NGN1.81bn in Q2:2019). This represents a NGN635.78mn loss in revenue – the company’s worst quarterly performance since the recession in 2016.
Click on the link below to access the full report:
Earnings Update -CAP Plc. H12020
