BUSINESS

FTN Cocoa Loses N848m In Q3 2021 Despite 22% Revenue Growth

 

FTN Cocoa Processors Plc which is into the processing of cocoa beans and palm kernel into Cocoa Cake, Liquor, Butter, Powder, Palm Kernel oil and Palm Kernel cake has released its third quarter result for the period ended September 30, 2021 with 141% increase in loss after taxation to N848.119 million from N351.719 million loss in 2020.

The loss was despite 22% rise in revenue to N278.180 million from N227.260 million in 2020.

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