Tiger Branded Consumer Goods Declares N900 million Loss In Q1’15

Tiger Branded Consumer Goods Plc released its financial results for the 3 months ended 31 December 2015.

The result showed that revenue rose marginally by 0.07% from N10.66 billion in 2014 to N10.67 in 2015.

The company made a loss before tax of N975 million in Q1 2015, which was a 67% reduction, compared to the N2.9 billion loss in Q1 2014, while the loss after tax was N900 million down 69% from N2.9 billion in 2014.

The share price was N1.87 as at press time down 4.59%.