Chemical and Allied Products Plc (NSE – CAP) recorded a 24.4% decline in profit after tax for the 9-month period ended 30 September 2020, despite a 3.7% rise in revenue. This is according to the Unaudited Financial Statements for the period ended 30 September 2020 released to the Nigerian Stock Exchange on Thursday.

Revenue grew by 3.7% Year on Year (“YoY”) to ₦6.0 billion in 9M 2020, on account of strong volume growth of 10.8% YoY despite the COVID-19 related disruptions in April and May. 9M 2020 revenue improvement was driven by a strong Q3 performance, with revenue growth of 33.7% Q-o-Q.

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