Chellarams Plc has recorded revenue of N8.493 billion for the third quarter financial result ended December 31, 2018. The amount represents a drop of N74.0 million or 0.86 per cent compared with N8.567 billion reported in the preceding period of 2017.
Gross profit fell from N7.219 billion achieved in the corresponding period to N401.660 million during the period under review.
The distribution expenses took downwards to N127.063 million from N145.208 million.
Profit before taxation go down to N1.115 billion from N2.522 billion in the comparable period of last year.
The cost of sales on the other hands dropped to N8.092 billion from N7.219 billion while administrative expenses runs to N1.520 billion from N1.505 billion.
The company current assets stood at N6.870 billion against N7.175 billion in the March last year while non current assets declined to N5.892 billion against N6.008 billion the preceding period of March 31, 2019
The net assets went down to N2.276 billion from N3.405 billion in the preceding year.
The result also indicated that current liabilities rose to N8.940 billion from N7.393 bilion while non current down from N2.386 billion reported in the comparable period
