BUSINESS

Studio Press Nigeria Loses N107.7m In Q3 Despite Revenue Growth

 

Studio Press Nigeria Plc, a printing and manufacturing company involved in lithographic printing and manufacturing cartons, light packaging materials and labels has released its financial statements for the third quarter ended 30th September 2021with a loss after tax of N46.089 million in nine months from N6.407 million in 2020.

Loss after tax for three months ended 30th September 2021 was bigger at N107.710 million from N116.122 million in Q3 2020.

However revenue for Q3 rose to N4.754 billion from N3.462 billion in Q3 2020 while the figure for nine months rose to N13.147 billion from N8.224 billion in 2020.

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