Tiger Branded Posts N900.76 Million Loss in Q1 2015

Tiger Branded

By InvestAdvocate

Click here to view First Quarter 2015 Report of Tiger Branded Consumer goods Plc

Lagos (INVESTADVOCATE)-Tiger Branded Consumer Goods Plc on Tuesday reported a loss of N900.76 million in its first quarter (Q1) for the period ended December 31, 2015 compared to N2.921 billion posted a year earlier.

Similarly, pretax profit moved from a negative of N2.987 billion in the          Q1 of 2014 to N975.26 million in the review period of 2015.

Revenue of company inched up to N10.67 billion from N10.66 billion posted the same period of 2014, according to the Fast Consumer Moving Goods (FCMG) firm in a filing with the Nigerian Stock Exchange (NSE).

Shares of Tiger Branded at the close of today’s trading on the Nigerian bourse climbed up 3.33 percent to N1.24 per share from N1.20 per share traded the previous session.

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