Livestock Feeds Plc reported earnings results for the nine months ended September 30, 2018. The company's revenue was down 32.6% year over year to NGN 5.5 billion in the nine months of 2018, due to lower sales and price-based competition. The company generated a loss before tax of NGN 479.3 million in nine months 2018 against NGN 264 million loss before tax in nine months 2017 due to industry dynamics and inability to recover operating costs.