Tantalizers’ H1 2017 mirrors future performance

…as loss position rises
Investors in Tantalizers Nigeria Plc, may continue to nature market hearsay on the future of the company as its results continue to reflect depressed numbers and sustained loss position.

The company’s unaudited financial statement for the period ended 30th June, 2017, released by the Nigerian Stock Exchange (NSE) Tuesday, showed a sustained loss position, which may worsen market perception of the company’s future.

Tantalizers H1 result recently released by the Nigerian Stock Exchange (NSE), showed that all key performance measuring indices closed depressive, sustaining a trend of negative market trajectory.

The company’s revenue for the period declined N926, 323m, against N976, 346m recorded in the qualifying period of 2016.

Cost of sales grew to N585, 786m, from N577, 642m recorded as cost of sales in the second quarter 2016.

Gross profit declined to N340, 537m, against N398, 874mposted in the preceding period 2016.

According to the result, other income N216, 302m, against N193, 183m recorded in the same period of 2016.

Loss after tax closed the Q2 accounting period at N308, 971m, from N364, 551m loss after tax posted in Q2 2016.

Tantalizers is a leading Nigerian fast food restaurant chain. It opened its first location 1997 in Festac Town, Lagos.

This first location was initially a small neighborhood restaurant serving hamburgers, from where it established outlets in different parts of Lagos and beyond.

Bonny Amadi