VANLEER Declares N262.589m Loss in Q4 2018 Results,(SP:N9.10k)

Proshare

Wednesday, February 06, 2019 4.00PM / NSE

Proshare Nigeria Pvt. Ltd.


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Company Outlook

The trends that have started mid 2018 still continues in the first (fiscal) quarter of 2019. As a result of increased competition and a stagnant market for steel drums, we do not see an improvement happening in the near future. Greif Nigeria has been operating well below operating costs, even below direct material costs, and sees no signs of improved market conditions. Therefore, we have decided to stop operations with immediate effect. The coming months we will investigate on if and/or how we can continue with Greif Nigeria.


Proshare Nigeria Pvt. Ltd.


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Proshare Nigeria Pvt. Ltd.


Proshare Nigeria Pvt. Ltd.

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