Commenting on the results, , the Managing Director/CEO of
According to him, the company's performance was buoyed by an increase in production capacity from five million metric tonnes at the end of Q1'2019 to eight million metric tonnes currently. He added that the company's strong product differentiation strategy which translates to an increasing appreciation of
"In response to the global pandemic, we implemented our COVID business continuity programme built into our corporate governance framework. This minimises disruptions along the value chain, prioritises the safety of workers and customers; and assesses probable scenarios a prolonged lockdown would have on the business.
"Clearly, our strong-showing epitomises the effect of further growth in output but most importantly, a growing appreciation of the value and service offering we continue to afford customers in the market place: with sales revenue increasing by 25.1 per cent to N54 billion.
"We continue to anticipate changes to customer and market behaviour, aimed at further strengthening our value model, even as we continue our push into 'new markets," he said.
Binji said as the COVID-19 virus makes landfall, they believe the current measures in place should help minimise plausible downside risks, stressing that the company is poised to take advantage of an upturn in market activities.
"
Copyright This Day. Distributed by AllAfrica Global Media (allAfrica.com)., source