By InvestAdvocate

Lagos (INVESTADVOCATE)- Drugmaker, Neimeth International Pharmaceutical Plc on Friday declared a loss of N68.1 million in its first quarter (Q1) for the period ended December 31, 2014, compared to a profit N76 million in the same period of 2013, the company said in a filing with the Nigerian Stock Exchange (NSE).

Similarly, profit before tax (PBT) also declined 189 percent to a negative N68.1 million compared to a profit N76 million reported in the same period of 2013.

Revenue plunged 42.5 percent to N269.2 million in the Q1 2014 from N468.5 million in the corresponding period of 2013.