Barely one day after the management of the Nigerian Stock Exchange suspended trading on its shares over failure to file its unaudited financials for the Q3 ended December 31, 2019, the board of stationeries maker- Thomas Wyatt Nigeria Plc, on Friday submitted the account.
It would have made the third time since October 4, 2017, that the trading on the company’s shares was being suspended over failure to file its accounts as and when due (READ MORE).
A major highlight of the result was that the company sank lower still, posting a net loss of N42.327m, up by N5.669m or 15.46% from N36.657m in the previous Q3, translating to Loss per share of 19 kobo, compared to the previous 17 kobo loss.
According to the financials, revenue for the period rose by N13.699m or 30.24% from N45.295m in 2018 to N58.994m; out of which cost of sales gulped all of N58.687m, compared to N50.146m.