BUSINESS

Chellarams Posts 8% Drop In Loss In 2021

Chellarams Plc, a leading Nigerian conglomerate with interests in manufacturing, retail, distribution, marketing and power generation has released its financial statements  for the year ended 31 March 2021 with 8% drop in loss to N3.858 billion from N4.205 billion loss in 2020.

Revenue for the year dropped by 30% to N1.387 billion from N1.974 billion in 2020.

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