By Yakubu LAAH InvestAdvocate

Lagos (INVESTADVOCATE)-Drug producer, Neimeth International Pharmaceutical Plc said on Wednesday it posted a N181.5 million loss in its second quarter (Q2) report for the period ended March 31, 2015 from N13.4 million in the same period of last year.

Profit before tax (PBT) also remained in the same margin, as Neimeth say it recorded N181.5 million loss from N13.4 million in the Q2 of 2014.

Revenue declined 45.4 percent to N440.87 million from N807.83 million in the review period of 2015, the drug maker said in a filing with the Nigerian Stock Exchange (NSE).