By Yakubu LAAH InvestAdvocate

Lagos (INVESTADVOCATE)-Evans Medical Plc Monday posted a loss of N401.1 million in its third quarter (Q3) report for the period ended September 30, 2013.

The statement of comprehensive income of the company released to the Nigerian Stock Exchange (NSE) shows that its loss after tax increased from 60.671 million in the same period of 2012 to N401.136 million in the review period of 2013; indicating a further loss of -661.2 percent (-661.2%).

Similarly, Evans Medical recorded a loss before tax of the same margin in the review period; while revenue declined N3.479 billion in the Q3 period of 2012 to N3.134 billion in the same period of 2013’ showing a decline in revenue of -90.10%.

However, the company had in its 2012 end recorded a revenue of N4.864 billion when it made a profit before tax of N197.8 million and profit after tax stood at N284.5 million.

In the same vein, Evans Medical declared a loss after tax of N136.5 million in its Q2 result for the period ended June 30, 2013; it also reported revenue of N2.430 billion compared to N2.070 billion recorded in the same period of the previous year.

Also, in its Q1 report ended March 31, 2013, loss before tax of the company was stood at N104.985 million compared to N342.778 million recorded in the same period of 2012. While, loss after tax stood at the same margin.